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LG Electronics Expects Quarterly Operating Profit to Nearly Halve

LG Electronics Expects Quarterly Operating Profit to Nearly Halve

LG Electronics 066570 -2.85%decrease; red down pointing triangle forecast a 47% drop in second-quarter operating profit, missing market expectations.
The South Korean consumer-electronics giant said in a preliminary earnings report Monday that its operating profit could come in at 639.10 billion won, equivalent to $469.1 million, for the April-June period, compared with 1.197 trillion won a year earlier.
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