A contemporary definition of a serious recession might be when consumers actually cut back on purchases of big, flat-panel TVs and other devices with LCD screens. Sharp downgrades by analysts in estimated earnings for LCD heavyweight LG Display (LPL Quote) indicate that production of flat screens isn't going to be as profitable as in recent years.
It doesn't help that LG Display just got caught with its ethical competitive standards dragging in the gutter. Just days ago, shares of the South Korea-based manufacturer took a hit in a price-fixing scandal.
The slowdown in LCD displays, in addition to fallout from the price-fixing mess, has analysts who follow LG Display calling for a tumble in per-share earnings, from a profit of $1.89 in the current year to a deficit of 47 cents next year. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,501.05 | 1,114.11 | 2,212.10 | 35.46 |
Oil *
71.84
|
|
UP
29.55
|
UP
7.70
|
UP
21.79
|
UP
0.06
|
10 Yr
3.55%
SPDR Gold
110.24
|
|
+0.28%
|
+0.70%
|
+0.99%
|
+0.17%
|
Data delayed 20 minutes |
Connect with TheStreet