LG Energy Solution (LG ES) posted a profitable second quarter this year, with investments in battery storage in the US and EV cell production in Europe paying off.

LG Energy Solution posted record quarterly revenue in the third quarter, fueled by stronger electric vehicle battery shipments in Europe and rapidly growing demand for energy storage systems in North America. The battery maker said Thursday that preliminary revenue reached 9.64 trillion won ($7.21 billion), up 59 percent from a year earlier and 27.6 percent from the previous quarter. Operating profit rose 25.7 percent on-year and more than sixfold from the second quarter to 756 billion won. Excl

LG Energy Solution reported a 25.7 percent increase in third-quarter operating profit Tuesday, boosted by strong demand for energy storage systems in North America and recovering electric-vehicle battery sales, as the South Korean battery-maker raised its full-year revenue outlook. The company posted an operating profit of 756 billion won ($564 million) for the July-September period, up 25.7 percent from a year earlier, according to its earnings release. Excluding 416.9 billion won in US manufac

Amazon wasn’t able to overcome Wall Street estimates on its Q3 revenue and earnings-per-share.