Philips 2Q profit up sharply
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Royal Philips Electronics NV, a maker of medical and lighting equipment, said Monday net profit for the second quarter rose on the sale of its stake in a Taiwanese semiconductor company, but that exchange rates hurt sales.
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Philips, Europe&#39;s largest maker of consumer electronics, has reported a higher-than-expected third-quarter operating profit. But the company is cautious about the future, warning that high oil prices and unrest in Iraq were hitting demand.
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Sony Corp. (6758.T) swung to a  better-than-expected quarterly operating profit on Thursday,  propelled by robust sales of flat TVs and gains from mobile  phone joint venture with Ericsson (ERICb.ST), and raised its  annual forecast by 30 percent.
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Johnson & Johnson  on Tuesday said second-quarter profit rose on higher sales of medical devices and prescription drugs, with especially strong demand in overseas markets.
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Intel Corp. said Tuesday its second-quarter profit jumped 44 percent on strong sales of microprocessors even as the company faced fierce competition that pushed prices lower.
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Profits at the drugmaker increased 13 percent in the second quarter on higher sales of its arthritis drug and pneumonia vaccine.
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Philips, Europe's largest maker of consumer electronics, is cautious about earnings growth despite reporting a profit in the third quarter.
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Procter & Gamble Co.   on Wednesday posted higher quarterly profit, boosted by sales of new products and continued gains in developing markets.
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Dutch Philips Electronics on Tuesday sounded a cautious note on its chip unit as it reported a third-quarter operating profit of 1.02 billion euros, which just exceeded expectations when excluding a 635 million euros non-tax gain.
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Flat screen maker LG.Philips LCD Co Ltd  (034220.KS) reported its highest ever quarterly profit on  Monday, rebounding from a year-ago loss, and predicted 2008  profitability would improve from 2007.
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Profit soared at technology conglomerate Philips Electronics NV in the third quarter but sales of consumer electronics were weak and the outlook for computer chips is gloomy, the company said.
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The online retailer announced Tuesday that its second-quarter net income increased more than threefold, with revenue up 35 percent.
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P&G said second-quarter earnings rose 14 percent as strong sales growth and cost-cutting measures more than offset higher commodity costs.
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Dutch Philips Electronics   missed analysts forecasts on Monday with second-quarter net  profit depressed by price pressure in LCD displays, but sales  and operating profit rose faster than expected and it announced  a 1.5 billion euro (&#36;1.90 billion) share buyback.
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Washington Post Co. WPO.N said on  Friday that quarterly profit jumped, beating analysts'  forecasts, boosted by results at its Kaplan education unit and  television broadcasting operations.
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Walkman phones prove leader of the pack Sony Ericsson saw its profits jump 55 per cent year-on-year in its results for the second quarter of 2007.â¦
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Alltel Corp.  on Tuesday posted  better-than-expected profit and revenue as the rural wireless  provider attracted new subscribers, and shares rose more than 2  percent in early trading.