LG Elec misses third-quarter estimates on weak phone business

SEOUL (Reuters) - LG Electronics Inc, the world's No.2 TV maker, reported its lowest quarterly profit for 2013 on Thursday as its mobile business slipped into the red due to marketing costs surrounding its latest smartphone launch in August. Third-quarter operating profit rose to 218 billion won ($206 million), below a consensus forecast of 306 billion won by Thomson Reuters I/B/E/S. The profit compared with 171 billion won a year ago and 479 billion won in the second quarter. ...

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