LG expects record-breaking Q1 2018 revenue and operating profit

The first quarter of 2018 is over and companies are starting to release their earnings guidance reports. Earlier today we learned that things are going great for Samsung and now its neighbors from LG also posted some record-breaking numbers. LG expects consolidated revenues of KRW15.1 trillion ($14.1 billion) and operating profit of KRW1.1 trillion ($1.02 billion), making this the best Q1 in the history of the company. Sadly, the mobile phone division is expected to post a fourth straight quarter in the red. The reasons are the tough competition and lack of significant launches...



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