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LG Electronics says Q2 profit likely rose 14 percent y/y
July 7, 2017 / 6:10 AM / 5 months ago

LG Electronics says Q2 profit likely rose 14 percent y/y

SEOUL, July 7 (Reuters) - South Korea’s LG Electronics Inc said on Friday its second-quarter operating profit likely rose 14 percent from a year earlier, but fell short of market expectations.

LG, in a regulatory filing, estimated its April-June profit to be 664 billion won ($574.54 million) versus a Thomson Reuters StarMine SmartEstimate of 755 billion won from a poll of 18 analysts.

Revenue likely rose 3.9 percent to 14.6 trillion won, also lower than the 15.1 trillion won SmartEstimate.

The firm did not disclose further details of April-June operations, and will disclose full results at the end of July. ($1 = 1,155.7000 won) (Reporting by Joyce Lee; Editing by Himani Sarkar)

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