The chart below shows how LPL performed 10 days before and after its earnings report, based on data from the past quarters. Typically, LPL sees a -2.52% change in stock price 10 days leading up to the earnings, and a -3.91% change 10 days following the report. On the earnings day itself, the stock moves by -0.04%. This data can give you a slight idea of what to expect for the next quarter's release.
Positive
Q3 Revenue Growth: Q3 revenue posted KRW 6,821.3 trillion, recording 2% Q-over-Q growth.
OLED Business Growth: There was 43% year-over-year growth from the OLED-centric business portfolio transition.
Narrowed Operating Loss: Operating loss came in at KRW 80.6 billion, narrowing the loss versus previous year.
Cash and Cash Equivalents: Total cash and cash equivalents was KRW 1.787 trillion after accounting for assets of China's Guanzghou fab.
OLED Revenue Share Increase: OLED share out of the total revenue increased 16 percentage points year-over-year and up 6 percentage points Q-over-Q, reaching 58%.
Negative
Q3 Revenue Growth Slowdown: Q3 revenue posted KRW 6,821.3 trillion, recording 2% Q-over-Q growth, indicating a slowdown in growth compared to previous quarters.
Operating Loss Analysis: Operating loss came in at KRW 80.6 billion, including a one-off expense of more than KRW 100 billion related to ERP program, reflecting significant cost pressures.
Mid-Sized IT Shipment Decline: Area shipment declined 3% Q-over-Q due to lower shipment of mid-sized IT products, indicating a drop in demand in that segment.
IT Revenue Decline: IT segment revenue was 33% less than the previous quarter, driven by sluggish downstream demand, highlighting challenges in the market.
High Leverage Risk: Debt-to-equity ratio recorded 297%, indicating a high level of leverage and financial risk for the company.
LG Display Co., Ltd (LPL) Q3 2024 Earnings Call Transcript
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