LG Elec swings to Q2 profit on LCD venture, phones
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South Korea&#39;s LG Electronics Inc.  (066570.KS) swung to a profit in the second quarter as a  turnaround in its LCD venture and strong mobile phone sales  outweighed heavy losses in its plasma display business.
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The South Korean consumer electronics and appliances company swung to a profit in the second quarter on strong sales of appliances and premium mobile phones.
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Flat screen maker LG.Philips LCD Co Ltd  reported its highest ever quarterly profit on Monday and predicted even better profits for 2008, but voiced concerns over a potential return to oversupply in early 2009.
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Alltel, which has agreed to be bought by private equity investors, posted quarterly profit of $282.6 million as it added more wireless subscribers than expected.
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Sony Corp swung to a quarterly operating profit as it booked strong sales of liquid crystal display TVs and digital cameras and benefited from a weaker yen, and it raised its full-year forecast by 2 percent.
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Number two global home appliance maker Electrolux  posted a surprise rise in fourth-quarter profit on Wednesday as European demand offset a U.S. slowdown, pushing its shares up by nearly a fifth.
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Revenues at the U.S. unit of LG  Electronics Inc. (066570.KS) rose 39 percent in the first half,  and North American sales are expected to top $10 billion this  year, fueled by demand for mobile phones, flat-screen displays  and appliances, it said on Thursday.
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LG Electronics said Thursday its fourth-quarter net profit was more than 12 times greater than earnings in the same period a year ago amid record mobile phone sales and a turnaround in its flat panel subsidiary.
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Texas Instruments Inc. , the largest maker of chips for cellular phones, on Monday said quarterly profit rose about 26 percent on demand from handset makers even as it struggles with a nagging inventory problem.
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The consumer electronics retailer said 2nd-quarter profit rose to $250 million on strong international results and tighter spending controls.
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Circuit City Stores Inc. , the  No. 2 U.S. consumer electronics chain, on Wednesday reported  higher-than-expected quarterly profit helped by strong sales of  flat-panel televisions and laptop computers.
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Alcatel  on Monday  released preliminary second-quarter results that were in line  with company expectations.
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Sony Corp., the Japanese electronics and entertainment giant. said Thursday that its profit jumped 61.6 percent in the latest quarter on improved profitability in its mobile phone joint venture and gains in its movie business, led by "Spider-Man 2."
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Sony Corp  swung to a quarterly operating profit as it booked strong sales of liquid crystal display TVs and digital cameras and benefited from a weaker yen, and it raised its full-year forecast by 2 percent.
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LG Electronics Inc., South Korea&#39;s second-largest electronics maker, reported third-quarter profit rose 36 percent, better than analysts expected, after selling a record number of mobile phones.
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LG.Philips LCD (nyse: LPL - news - people ) issued its first earnings announcement since a $1 billion initial public offering in July, and the news is not dazzlingly.
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Qualcomm Inc. on Friday raised its  quarterly profit forecast due to strong demand for its mobile  phone technology.