[Edaily Reporter KIM YOON-JEONG ] LG Energy Solution is trading lower in early trading. This is believed to be due to its second-quarter operating profit falling short of market expectations.

According to MP Doctor, as of 9:30 a.m. on the 7th, LG Energy Solution(373220)is trading at 337,500 won, down 17,000 won (4.80%) from the previous trading day.
LG Energy Solution announced before the market opened today that its preliminary consolidated operating profit for the second quarter was 113.3 billion won, a 77% decrease from the same period last year. Revenue rose 24.8% year-over-year to 7.5602 trillion won.
Compared to the previous quarter, revenue increased by 15.3%, and the company returned to profitability.
However, operating profit fell short of market expectations. According to financial information provider FnGuide Inc., the consensus estimate among securities analysts for second-quarter operating profit over the past month was 205.2 billion won, and these preliminary results fell significantly short of that figure.
Additionally, the amount received under the Advanced Manufacturing Production Credit (AMPC) under the U.S. Inflation Reduction Act (IRA) totaled 241 billion won. Excluding this, revenue was 7.3193 trillion won, and the operating loss was 127.7 billion won.