0418 GMT - LG Innotek's 1Q earnings are expected to beat street views, due to higher average selling prices for iPhone cameras, Daishin Securities analyst Kangho Park writes in a note. The South Korea-based Apple supplier is projected to deliver operating profit at KRW131.80 billion, well above Daishin's earlier estimate of KRW86.00 billion and the market consensus forecast of KRW94.50 billion, Park says. The company supplies Apple exclusively with cameras for iPhone 16E products, launched in February, after making cameras for many iPhone 16 Pro and Pro Max products in 2024, he notes. Daishin raises the stock's target price by 4.0% to KRW260,000 and maintains a buy rating. Shares are 9.7% higher at KRW177,700. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 23:18 ET (04:18 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。