Investing.com - LG Display (NYSE:LPL) reported on Wednesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
LG Display announced earnings per share of -0.4305 on revenue of 4.27B. Analysts polled by Investing.com anticipated EPS of -0.2066 on revenue of 4.75B.
LG Display shares are down 41.29% from the beginning of the year, still down 44.99% from its 52 week high of 10.78 set on January 4. They are under-performing the EUR/USD which is down 0% from the start of the year.
LG Display follows other major Information Technology sector earnings this month
LG Display's report follows an earnings missed by Microsoft on Tuesday, who reported EPS of 2.23 on revenue of 51.87B, compared to forecasts EPS of 2.29 on revenue of 52.43B.
Visa A had beat expectations on Tuesday with third quarter EPS of 1.98 on revenue of 7.28B, compared to forecast for EPS of 1.74 on revenue of 7.06B.
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