Wednesday, July 25, 2012

Reuters: Global Markets: LG Electronics shares jump more than 6 percent, lifted by Q2 earnings

Reuters: Global Markets
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LG Electronics shares jump more than 6 percent, lifted by Q2 earnings
Jul 26th 2012, 01:54

Wed Jul 25, 2012 9:54pm EDT

(Reuters) - LG Electronics (066570.KS) shares rallied more than 6 percent on Thursday morning, after its second-quarter profits more than double compared to a year before.

LG published its April-June results during open trading hours on Wednesday, but shares initially failed to lift amid broad risk aversion and creeping worries over its underperforming handset business, closing down 2.1 percent for the session.

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