SEOUL, July 7: South Korea’s LG Electronics Inc said on Friday its second-quarter operating profit likely rose 14 percent from a year earlier, but fell short of market expectations. LG, in a regulatory filing, estimated its April-June profit to be 664 billion won ($574.54 million) versus a Thomson Reuters StarMine SmartEstimate of 755 billion won from a poll of 18 analysts. Revenue likely rose 3.9 percent to 14.6 trillion won, also lower than the 15.1 trillion won SmartEstimate. The firm did not disclose further details of April-June operations, and will disclose full results at the end of July. (AGENCIES)
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