LG Electronics stock dropped due to weak Q2 results, impacted by consumer sentiment and trade changes.

LG Electronics Ltd. reported a 3% drop in shares after weak Q2 results. Operating profit was 639.1 billion Korean Won, revenue at 20.74 trillion won. The slowdown was due to consumer sentiment weakness and challenging external environment, impacted by U.S. trade policy changes. Core businesses like home appliances and B2B segments performed well, but media and entertainment solutions struggled. LG plans to focus on qualitative growth in the second half, prioritizing high-margin B2B sectors and D2C sales. Shares in South Korea were trading at 74,700 won, down 3.24%.

Read more at Nasdaq: LG Electronics Stock Drops On Weak Operating Profit, Revenues In Q2