Kewaunee Scientific Corporation announced its first-quarter fiscal year 2025 results, highlighting a solid performance driven by a strong backlog and consistent domestic manufacturing. While international sales faced challenges due to construction delays in India, the company remains optimistic about future growth.
LG Display, a leading South Korean flat-screen maker, reported an operating loss of 469 billion won ($341 million) in the first quarter of 2023. This marks a reversal from the previous quarter’s profit and reflects the ongoing challenges faced by the industry due to weakening demand for large display panels used in televisions and small panels used in smartphones. Despite the loss, the result was an improvement compared to the 1.1 trillion won loss incurred in the same quarter a year ago and surpassed analyst expectations of a 630 billion won loss. The company had previously reported six consecutive quarterly losses before posting a profit in the fourth quarter of 2023, driven by increased seasonal demand during the year-end holidays.
