South Korea’s LG Electronics Inc said on Friday its third-quarter operating profit likely fell 3.7 percent from a year earlier.
LG, the world’s second-largest television maker behind domestic rival Samsung Electronics Co Ltd, said in a brief regulatory filing it expects July-September operating profit to be 283 billion won ($253.54 million). That beat a Thomson Reuters StarMine SmartEstimate of 274 billion won from a poll of 10 analysts.
Revenue for the period fell 5.8 percent to 13.2 trillion won, compared with a Thomson Reuters StarMine SmartEstimate of 13.6 trillion won.
The firm did not disclose further details of July-September trading, and will disclose full results at the end of October.