Summary Box: LG Display reports quarterly loss

The Associated Press

April 24, 2012 at 11:04 AM

South Korean customers look at the LG electronics' TV products which made with LG Display panels at a Yongsan Electronic shop in Seoul, South Korea, Tuesday, April 24, 2012. LG Display Co., the world's second-largest maker of liquid crystal displays, Tuesday reported its third straight quarterly loss due to feeble demand for TVs. (AP Photo/Lee Jin-man)

In this photo taken on Jan. 20, 2010, a woman walks past near the LG Display advertisement in Seoul, South Korea. LG Display Co., the world's second-largest maker of liquid crystal displays, Tuesday, April 24, 2012, reported its third straight quarterly loss due to feeble demand for TVs. (AP Photo/Lee Jin-man)

ANOTHER BAD QUARTER: LG Display Co., the world's second-largest maker of liquid crystal displays, had its third straight quarterly loss.

THE REASONS: Feeble demand for TVs and delays in developing new tablet panels.

THE BACKDROP: It comes after display panel suppliers had one of their worst years as an industrywide supply glut and weaker-than-expected consumer demand for TVs battered prices of TV panels in 2011. Sales of TV panels accounted for nearly half of LG Display's revenue in the latest quarter.

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Summary Box: LG Display reports quarterly loss

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