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

|About: LG Display Co., Ltd. (LPL)|By:, SA News Editor

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)