Revenue Update on LG Display Co Ltd. (ADR)(NYSE:LPL)

LG Display Co Ltd. (ADR)(NYSE:LPL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $5.15B. Analysts estimated a revenue of $5.38B. Earnings per share were $-0.21. Analysts had estimated an EPS of $-0.07.

In a different note, On Jul 19, 2016, Bank of America said it Upgrades its rating on LG Display Co Ltd. (ADR). The shares have been rated ‘Buy’ by the firm. On Jun 28, 2016, Nomura said it Upgrades its rating on LG Display Co Ltd. (ADR). The shares have been rated ‘Neutral’ by the firm. Barclays said it Initiates Coverage on LG Display Co Ltd. (ADR), according to a research note issued on Jun 21, 2016. The shares have been rated ‘Overweight’ by the firm. On May 20, 2016, Deutsche Bank said it Upgrades its rating on LG Display Co Ltd. (ADR). The shares have been rated ‘Buy’ by the firm.

LG Display Co Ltd. (ADR) (LPL) made into the market gainers list on Fridays trading session with the shares advancing 1.53% or 0.21 points. Due to strong positive momentum, the stock ended at $13.96, which is also near the day’s high of $14.06. The stock began the session at $13.94 and the volume stood at 4,81,720 shares. The 52-week high of the shares is $14.06 and the 52 week low is $8.2. The company has a current market capitalization of $9,990 M and it has 71,56,31,400 shares in outstanding.

LG Display Co. Ltd. manufactures thin-film transistor liquid crystal display (TFT-LCD) organic light emitting diode (OLED) and other display panel technologies. It manufactures display panels in a range of sizes and specifications primarily for use in televisions notebook computers desktop monitors tablet computers and various other applications including mobile devices. The Company also offers high-definition (HD) television panels. The Company also manufactures display panels for industrial and other applications including entertainment systems automotive displays portable navigation devices and medical diagnostic equipment. Its television display panels range from 15 inches to 105 inches in size. Its display panels for notebook computers range from 10.1 inches to 17.3 inches in size. Its desktop monitor display panels range from 15 inches to 34 inches in size. Its tablet computer display panels range from five inches to 19.5 inches in size.

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