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Stock impact report

LG Energy Solution Releases 2024 Second-Quarter Results [Yahoo! Finance]

Analog Devices, Inc. (ADI) 
Last analog devices, inc. earnings: 2/19 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.analog.com/investor-relations
Company Research Source: Yahoo! Finance
Despite continued EV demand slowdown, the company makes meaningful progress in EV and ESS battery businesses, and enhances its fundamental competitiveness in supply chain and R&D In response to slower-than-expected EV market growth, LG Energy Solution to focus on optimizing operation and improving profitability, while continuing to pursue technological and cost competitiveness SEOUL, South Korea July 24, 2024 /PRNewswire/ -- LG Energy Solution (KRX: 373220) today announced its second quarter earnings, along with its business achievements and key action plans to counter slower-than-expected EV market growth. The company posted consolidated revenue of KRW 6.1619 trillion , a 0.5 percent increase quarter-on-quarter and 29.8 percent decrease year-on-year. The operating profit was KRW 195.3 billion , a 24.2 percent increase quarter-on-quarter and 57.6 percent decrease year-on-year, with operating profit margin of 3.2 percent. "EV demand slowdown and the impact of declining metal p Show less Read more
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