LG announced its quarterly results expectations for October-December 2016. The preliminary earnings results show sales revenue of 14,78 trillion Korean Won (about $11,8 billion). This is 11.8% more than Q3 when sales got to 13,224 trillion KRW / $10,5 billion. This holiday season was better compared to last year, although the YoY growth stands at the more conservative 1.5%. Even though sales are up, the earnings before interest and taxes is actually negative value - there is 35,3 billion KRW loss. This translates to $28,2 million and is the first quarterly operating loss for LG...
Source: http://www.gsmarena.com/lg_announced_their_q4_2016_expectations-news-22584.php
