LG Electronics has reported its earnings
for Q3 2012, notching its third straight quarter of positive income
with a net profit of 157 billion won ($138.57 million) and "solid"
performances from its home theater and mobile businesses. Revenue is
down from the same period last year,
but seeing as it's actually making money this time around it's probably
still reason to celebrate. On the mobile side of the aisle it reports
an operating profit of $19.42 million with
slightly higher sales than Q2,
mostly thanks to those LTE smartphones it's been rolling out. Its home
entertainment biz noted a rise in LCD sales, with 3D TVs and LED-lit
models growing from last quarter in most markets. Looking towards the
future it's obviously going all-in on the
Optimus G (although our interests run towards the
Nexus G that should debut next week), and also looks for its
Ultra HD television
to raise its standing as a premium brand. Check the press release after
the break and PDF linked below for more numbers if that's your thing.
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