FILE PHOTO: People visit the LG display at the international consumer technology fair IFA in Berlin, Germany September 2, 2022. REUTERS/Lisi Niesner
SEOUL (Reuters) -South Korean display panel maker LG Display on Wednesday pinned hopes for a second-half turnaround on the tech sector replenishing depleted inventories after racking up a fourth straight quarterly loss that trailed estimates.
Amid depressed global demand for devices like computers and monitors, LG Display slumped to a 1.1 trillion won ($823 million) operating loss for January-March, versus a profit of 38 billion won a year earlier. That missed a 660 billion won loss forecast from 18 analysts polled by Refinitiv SmartEstimate.
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