LG Electronics shares fall as Q3 profit misses estimates despite growth

LG Electronics shares fell nearly 7% Wednesday after the South Korean company reported preliminary third-quarter operating profit below market expectations. Operating profit reached 781.8 billion won, up 13.5% from a year earlier. Revenue rose 8.9% to 23.827 trillion won, but also missed forecasts.

The earnings miss came despite solid performance from home appliances and vehicle components. LG said its TV business also improved profitability, while business-to-business operations supported revenue growth. However, analysts expected operating profit of about 941.7 billion won, according to Yonhap Infomax. Analysts had also projected revenue of about 24.26 trillion won.

LG’s cumulative operating profit through September exceeded 4 trillion won for the first time. The company continues investing in AI data-center cooling and robotics as it seeks new growth engines. Investors will now await LG’s full third-quarter results later this month for more detail on margins and business performance.