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via finance.yahoo.comBusiness & Companies

LG Energy Solution hits 4-month high after Q3 profit more than doubles

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- LG Energy Solution (KS:373220) shares hit a near 4-month high on Thursday reported stronger-than-forecast preliminary third-quarter profit, with earnings boosted by U.S. incentives and improving demand for energy-storage systems. Before you buy NVIDIA: our AI…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishBetter-than-expected operating profit and growing energy-storage demand support the stock.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01LG Energy Solution reported operating profit of 756 billion won, more than double consensus estimate.
  2. 02Stock rose 4.09% to 407,000 won, highest since June 18.
  3. 03Revenue expected to rise 59% to 9.6 trillion won, supported by U.S. tax credits.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
LG Energy Solution, Ltd.373220.KOStock405,500.00 KRW-1.22%today +3.71%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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