LG Electronics could post a 2Q earnings beat, driven in part by a U.S. tariff refund, Hana Securities' Minkyung Kim says. The analyst expects the South Korean consumer-electronics giant's consolidated operating profit to more than double on year to 1.441 trillion won for the April-June period. That would beat a FactSet-compiled consensus forecast of 1.040 trillion won. Kim expects LG Electronics to have sustained profitability through price hikes and cost-efficiency measures despite rising raw-material and logistics costs. Strong earnings at Apple supplier LG Innotek, an affiliate of LG Electronics, may also have boosted the parent's profit, he adds. (kwanwoo.jun@wsj.com)
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LG Electronics Could Post 2Q Earnings Beat — Market Talk
LG Electronics could post a 2Q earnings beat, driven in part by a U.S. tariff refund, Hana Securities' Minkyung Kim says. The analyst expects the South Korean consumer-electronics giant's consolidated operating profit to more than double on year to 1.441 trillion won for the April-June period. That…