LG Electronics Profit Beats Estimates on TVs, Mobiles
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LG Electronics Inc., the world’s second-largest television maker, reported first-quarter profit that exceeded analyst estimates as TV and smartphone sales led earnings gains at its main businesses.
The company had net income of 242.5 billion won ($213 million) in the three months ended March 31, compared with a loss of 15.8 billion won a year earlier, Seoul-based LG said in a statement today. The average of 20 analyst estimates compiled by Bloomberg was for a profit of 181.9 billion won.