SEOUL (Reuters) – South Korean battery agency LG Power Resolution (LGES) posted on Monday a 39% drop in quarterly revenue, hit by slowing demand for electrical autos.
The corporate, which provides Tesla (NASDAQ:), Normal Motors (NYSE:) and Hyundai Motor (OTC:), reported an working revenue of 448 billion received ($322.84 million) for the July-September interval, consistent with an earlier forecast.
The consequence compares with a 731 billion received revenue a yr earlier and a 374 billion received common forecast by LSEG SmartEstimate, which is weighted towards analysts who’re extra constantly correct.
($1 = 1,387.6900 received)