Once again, its bottom line is being dragged down by a record quarterly loss for its mobile division. The outfit said in a regulatory filing its July-September profit was $248 million which was pretty much the misery it predicted earlier this year. Revenue for the quarter dropped 5.7 percent.

LG's mobile division reported its worst-ever quarterly operating loss of $382.17 million, its sixth straight quarter in the red, offsetting a record $334.21 million profit for the telly division.

LG said its fourth quarter profit would be weaker than the third quarter's due to higher promotional expenses and weaker earnings for its appliances business due to seasonal weakness.

The company is a bit of a tragedy because it makes rather good mobile products but for some reason can’t get a lucky break. Its TV business is doing well too.