LG has released the official earnings guidance for the January-March quarter, and the numbers reveal that Q1 2016 could well be the best quarter for the South Korean company in the last couple of years. As per the guidance, the company's operating profit for the quarter jumped 66% to 505 billion KRW ($441 million). This is the company's best since Q2 2014 and is well above the 408 billion figure analysts suggested. The forecasted revenue for Q1 2016, however, was 13.4 trillion KRW, down 4.5% year-on-year. The boost in last quarter's earnings is being attributed to growth in sales of...
Source: http://www.gsmarena.com/q1_2016_could_be_lgs_best_quarter_in_past_two_years-news-17706.php
