Business · Markets · 2 hrs ago
LG Energy Solution shares rise after stronger-than-expected quarterly results
LG Energy Solution shares rose for a second trading day on Oct.
12, trading 2.12% higher in the morning.
The South Korean battery maker had also gained 2.56% in the previous session.
It reported that third-quarter operating profit increased 25.7% from a year earlier, while sales rose 59% to 9.6434 trillion won.
Operating profit was 131.6% above the average analyst estimate.
The company said the results were provisional.
An analyst said increased energy storage system orders helped lift factory use from the third quarter and expected the company to remain profitable in the fourth quarter, excluding a US manufacturing tax credit.
The strong results matter because they suggest the company’s earnings are improving, and investors responded by buying its shares.
LG Energy Solution shares rose for a second consecutive trading day after the company reported stronger-than-expected third-quarter results.
At 9:32 a.m. on October 12, the shares were up 2.12% at 409,500 won.
The company reported third-quarter operating profit of 756 billion won, up 25.7% from a year earlier, and revenue of 9.6434 trillion won, up 59.0%.
Operating profit was 131.6% above the average analyst estimate.
An LS Securities analyst said increased energy-storage-system sales had begun to lift factory utilization and forecast operating profitability excluding tax credits to continue in the fourth quarter.
- Who
- LG Energy Solution.
- What
- Its shares rose after it reported third-quarter results that exceeded analyst expectations.
- When
- October 12, 2026; the company announced its preliminary results on October 8.
- Where
- Not stated
- Why
- Third-quarter operating profit exceeded the average analyst estimate by 131.6%.
This story does not have two clearly opposing sides.
From the third quarter, the effect of higher utilization rates due to increased energy storage system volumes began to be reflected in earnings, and we expect the company to maintain profitability excluding AMPC in the fourth quarter.
LG Energy Solution announced preliminary third-quarter results, and its shares closed up 2.56%.
The shares were up 2.12% at 9:32 a.m., marking a second consecutive trading-day gain.
- Third-quarter operating profit
- 756 billion won, up 25.7% year on year
- Third-quarter revenue
- 9.6434 trillion won, up 59.0% year on year
- Operating profit vs. consensus
- 131.6% above the average analyst estimate
- October 12 share price
- 409,500 won, up 2.12% at 9:32 a.m.
Sources
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