LG Electronics Quarterly Profit Misses Estimates on Phone Loss

LG Electronics Quarterly Profit Misses Estimates on Phone Loss

SeongJoon Cho/Bloomberg

LG, which was overtaken by Apple Inc. as the world’s No. 3 handset maker last year according to market researcher Strategy Analytics, had a loss from mobile-phone sales during the quarter after further giving up market share to Samsung Electronics Co. and the iPhone maker.