LG does better than expected
 

LG has estimated that its first-quarter operating profit rose 82 percent to its highest in nearly eight years.

The news surprised the cocaine nose jobs of Wall Street who had expected things to be better for the troubled manufacturer but not that good.

LG said its January-March operating profit was $812.62 million and the highest since the second quarter of 2009.

Revenue for the quarter likely rose 9.7 percent, the firm said.

Earlier in the day, Samsung estimated the January-March period will produce its best quarterly profit in more than three years, beating expectations and putting it on track for record annual earnings on the back of a memory chip super-cycle.

http://www.techeye.net/business/lg-d...-than-expected