SpaceX Edges Toward Landmark IPO as Elon Musk Confirms Plans 
ADB Approves $400 Million Loan to Boost Ease of Doing Business in the Philippines 
Microsoft Unveils Massive Global AI Investments, Prioritizing India’s Rapidly Growing Digital Market 
GameStop Misses Q3 Revenue Estimates as Digital Shift Pressures Growth 
China Adds Domestic AI Chips to Government Procurement List as U.S. Considers Easing Nvidia Export Curbs 
Air Transat Reaches Tentative Agreement With Pilots, Avoids Strike and Restores Normal Operations 
Evercore Reaffirms Alphabet’s Search Dominance as AI Competition Intensifies 
Samsung SDI Secures Major LFP Battery Supply Deal in the U.S. 
Trump’s Approval of AI Chip Sales to China Triggers Bipartisan National Security Concerns 
Air Force One Delivery Delayed to 2028 as Boeing Faces Rising Costs 
Gulf Sovereign Funds Unite in Paramount–Skydance Bid for Warner Bros Discovery 
Westpac Director Peter Nash Avoids Major Investor Backlash Amid ASX Scrutiny 
Moore Threads Stock Slides After Risk Warning Despite 600% Surge Since IPO 
EU Court Cuts Intel Antitrust Fine to €237 Million Amid Long-Running AMD Dispute 
Azul Airlines Wins Court Approval for $2 Billion Debt Restructuring and New Capital Raise 
JD.com Pledges 22 Billion Yuan Housing Support for Couriers as China’s Instant Retail Competition Heats Up 
United Airlines Flight to Tokyo Returns to Dulles After Engine Failure During Takeoff 
LG Electronics (KRX: 066570) reported a robust first-quarter performance, with net profit soaring 50% year-over-year to 875.60 billion won ($613.4 million), outpacing market expectations. Analysts surveyed by FactSet had projected a net profit of 671.09 billion won, making LG’s results a significant beat.
The South Korean tech giant demonstrated resilience amid global economic uncertainties and a sluggish rebound in consumer demand for home appliances and TVs. The latest figures also mark a sharp turnaround from the net loss posted in the prior quarter.
Revenue for the January–March period climbed 7.8% to 22.740 trillion won, supported by steady performance across its core product lines. However, operating profit dipped 5.7% from a year earlier to 1.259 trillion won, aligning with preliminary estimates issued earlier by the company.
While traditional segments faced headwinds, LG continues to pivot toward long-term growth drivers. In particular, its heating, ventilation, and air-conditioning (HVAC) business is gaining strategic attention as the company aims to diversify revenue streams and stabilize earnings.
The earnings announcement reflects LG’s ability to adapt to shifting consumer trends and economic headwinds while continuing to innovate in emerging sectors. This solid financial performance strengthens investor confidence as LG navigates a competitive global electronics landscape.
