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LG Display (LPL +2.2%) reports a $20.2M Q2 net profit - down 96% from last year, but ahead of...

LG Display (LPL +2.2%) reports a $20.2M Q2 net profit - down 96% from last year, but ahead of the ($79.4M) consensus. The company doesn't see demand improving much until early 2012, given weak LCD TV sales, and is cutting its 2011 capex forecast by $948M - not good news for equipment makers such as Applied Materials (AMAT). (PR)
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