[Reuters] LG Electronics misses forecasts as TV profits tumble

Posted by: UGN Security

[Reuters] LG Electronics misses forecasts as TV profits tumble - 01/29/13 09:43 PM

SEOUL (Reuters) - LG Electronics Inc fell short of consensus forecasts in quarterly earnings on Wednesday, with profits in its TV division tumbling to around one tenth of year-earlier levels as the world's No.2 TV maker bumped up promotional spending in the year-end holiday season.