Workers prepare to hang the LG Electronics logo as they build a booth as they prepare for the 2014 Consumer Electronics Show (CES) at the Las Vegas Convention Center in Las Vegas, Nevada, January 4, 2014.
/Steve Marcus
South Korea technology firm LG Electronics Inc said on Wednesday its April-June operating profit slid 60 percent from a year earlier, well below estimates, hit by weak sales of televisions and smartphones. LG reported a second-quarter operating profit of 244 billion won ($210.74 million), compared with a 395 billion won mean estimate from a Thomson I/B/E/S survey of 33 analysts. The Thomson StarMine SmartEstimate, which gives greater weighting to more accurate analysts, had tipped a 349 billion won profit. (Reporting by Se Young Lee; Editing by Kenneth Maxwell)
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