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LG Electronics swings to Q3 profit on surprise handset result
Oct 24th 2012, 06:39

SEOUL (Reuters) - LG Electronics Inc, the world's No.2 TV maker, swung to a third-quarter profit as its mobile phone business reported a surprise return to the black on a stronger product line-up, although its powerhouse TV division lost momentum. July-September operating profit came in at 221 billion won ($200.3 million) from a 32 billion won loss a year ago, above a consensus forecast of 172 billion won by 13 analysts surveyed by Reuters. The result was down on a profit of 349 billion won in the previous quarter. LG has suffered in recent years along with handset rivals such as Nokia and HTC as consumers have swarmed to Apple's iPhone and Samsung's Galaxy range in the lucrative smartphone...

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