LG Electronics shares surged in early trading on the 28th. With LG Electronics set to release its first-quarter results by business division on the 29th, buying appears to be driven by expectations for earnings.

LG Electronics announces on the 7th that first-quarter operating profit on a consolidation basis is tentatively tallied at 1.6736 trillion won, up 32.9% from a year earlier. Revenue is 23.733 trillion won, a 4.4% increase year-on-year. The photo shows LG Electronics' headquarters in Yeouido, Yeongdeungpo-gu, Seoul, on the day. /Courtesy of Yonhap News

As of 9:19 a.m. that day, LG Electronics was trading at 144,800 won, up 11.38% (14,800 won) from the previous session.

LG Electronics is set to announce detailed first-quarter results by business division and hold a conference call on the 29th. Earlier, on the 7th, it released preliminary results, reporting first-quarter revenue of 23.733 trillion won and operating profit of 1.6736 trillion won. The figures beat market expectations, and revenue marked the highest ever for a first quarter.

Jeong Min-kyu, an analyst at Sangsangin Investment & Securities, said, "A recovery in the core business's profitability has been confirmed in the numbers, and the roadmap for expanding orders for AI data center chillers and commercializing robot actuators has been made more concrete."

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