0418 GMT - LG Innotek's 1Q earnings are expected to beat street views, due to higher average selling prices for iPhone cameras, Daishin Securities analyst Kangho Park writes in a note. The South Korea-based Apple supplier is projected to deliver operating profit at KRW131.80 billion, well above Daishin's earlier estimate of KRW86.00 billion and the market consensus forecast of KRW94.50 billion, Park says. The company supplies Apple exclusively with cameras for iPhone 16E products, launched in February, after making cameras for many iPhone 16 Pro and Pro Max products in 2024, he notes. Daishin raises the stock's target price by 4.0% to KRW260,000 and maintains a buy rating. Shares are 9.7% higher at KRW177,700. (kwanwoo.jun@wsj.com)
(END) Dow Jones Newswires
March 05, 2025 23:18 ET (04:18 GMT)
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