[Featured Stock] LG Household & Health Care Declines on Q3 Earnings Shock

LG Household & Health Care's stock price is weak. It is interpreted that a selling spree occurred as the third-quarter earnings fell short of expectations.

At 10:26 a.m. on the 30th, LG Household & Health Care was trading at 331,000 KRW, down 5.43% from the previous day.

LG Household & Health Care's third-quarter results showed sales of 1.7 trillion KRW, a 2% decrease compared to the same period last year, and operating profit fell 17% to 106.1 billion KRW. The operating profit was below the market expectation of 140 billion KRW.

Researcher Kwon Woo-jung of Kyobo Securities said, "In the fourth quarter, additional marketing expenses are expected due to the Guanggunje event, making profit erosion from marketing expenses inevitable for the time being," adding, "While attempts to change the business structure in the mid-to-long term are positive, it seems that time will be needed to confirm visible results."