[Special Stock] LG Electronics Plummets 4% on 'Earnings Shock'

LG Electronics is seeing an increased decline in its stock price due to a shock in its earnings.

As of 1:50 PM on the 8th, LG Electronics is trading at 99,000 KRW, down 4.63% from the previous day.

On this day, LG Electronics announced that its preliminary figures for the third quarter showed sales of 22.1769 trillion KRW and operating profit of 751.1 billion KRW.

Sales increased by 10.7% compared to the same period last year, but operating profit decreased by 20.9% year-on-year. The operating profit was 26.03% below market expectations.