The drop in its operating profits as well as the decline in its quarterly revenues are in line with its previous estimate.

On Thursday, South Korea’s LG Electronics Inc reported a 80% drop in its operating profits, from a year ago, which touched $68.5 million (76 billion won). Incidentally, this is in line with its guidance which it reported earlier this month.

Its quarterly revenues have fallen by 7% to 15.8 trillion won – in line with its estimate.

Categories: Creativity, Entrepreneurship, HR & Organization, Strategy

Tags: 4 quarter, 4Q, estimate, fourth quarter, guidance, LG Electronics, operating profits, quarterly, revenues, South Korea