South Korea's LG Electronics said on Friday that the company's third-quarter operating profit is likely to achieve a year-on-year increase of 44.4%, which is slightly lower than analysts' estimates.
In a regulatory filing, LG estimates that July-September profits were 746 billion won ($657.76 million). According to Refinitiv's survey, nine analysts recently predicted that LG's third-quarter earnings averaged 776 billion won.
Revenue may increase from 15.2 trillion won a year ago to 15.4 trillion won. The forecast of 11 analysts is 15.9 trillion won.
According to Refinitiv's data, LG's operating loss in the mobile sector decreased in the third quarter.
LG did not elaborate on the company's performance and will announce specific revenues later in October.