🔴 LG Electronics is trading 5% down today after third-quarter profit missed consensus

LG Electronics is trading at KRW 68,300, down 5.14%, after preliminary third-quarter operating profit came in 17% below market consensus.

• Preliminary operating profit was KRW 781.8 billion.
• Citi subsequently reduced its profit estimates and price target.
• October 12 is identified as the latest completed session; the context does not establish a separate new announcement on October 13.