LG Electronics Shares Drop After Missing Profit Forecasts

LG Electronics shares fell 7.7% to 214,500 won in Seoul on Wednesday following the release of preliminary third-quarter operating profit figures that failed to meet market expectations. The company estimated an operating profit of 781.8 billion won, which represents a 13.5% increase over the previous year but remains approximately 17% below the average market forecast of 941.7 billion won.

Despite the profit miss, the company reported revenue growth of 8.9% year-over-year, reaching 23.83 trillion won. For the first nine months of 2026, the company saw cumulative revenue of 71.38 trillion won and a 55.9% surge in operating profit to 4.03 trillion won.

These preliminary figures are currently subject to an external audit. The company expects to release a full earnings report later this month, which will provide more detailed information regarding demand and profit margins.