Matsushita posts higher Q3 profit on plasma TVs
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Matsushita Electric Industrial Co. Ltd.  reported a 5 percent rise in quarterly profit, driven by robust sales of flat TVs, but it kept its full-year operating profit outlook that falls short of market expectations.
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The South Korean consumer electronics and appliances company swung to a profit on strong sales of appliances and premium mobile phones.
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Japanese consumer electronics giant Matsushita Electric Industrial said it will increase sales of "strategic" products and further cut costs in coming years.
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Shares in LG.Philips LCD Co Ltd  surged on Friday on market talk Japan's Matsushita Electric Industrial was buying a stake in the South Korean flat screen maker, but both firms poured cold water on the talk.
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By Kyodo News International, Tokyo  Feb. 8--TOKYO -- Mitsubishi Heavy Industries Ltd. said Thursday its group  net profit swelled 83.3 percent from a year earlier to 38.46 billion yen in  the April-December period on strong sales at its shipbuilding, power systems  and machinery divisions.
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Australian retailer Harvey Norman Holdings Ltd. (HVN.AU) said Tuesday that full-year net profit rose 17%, boosted by sales of flat-screen televisions and other high-tech home electronics, but warned of a mixed ...
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Consumer electronics retailer Best Buy Co  posted a higher-than-expected third-quarter profit on Tuesday on strong sales and raised its full-year earnings forecast.
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Panasonic maker Matsushita  reported a 22 percent gain in quarterly operating profit on brisk demand for its digital cameras and flat televisions, and it stood by its annual outlook that falls short of market expectations.
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Japanese electronics maker Hitachi said its profit surged in its third fiscal quarter as its power plant, hardware and telecommunications businesses recovered.
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Sony said quarterly net profit jumped to 73.7 billion yen, or $646.7 million, as sales of digital cameras, televisions and other electronics more than offset losses at its video-games unit.
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Matsushita Electric Industrial Co. Ltd.,  the maker of Panasonic brand products, reported a 5 percent  rise in quarterly operating profit, driven by robust sales of  flat TVs, and it kept its full-year outlook.
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Diversified manufacturer 3M Co.   on Tuesday posted a higher quarterly profit despite weak demand  for optical film used in flat-screen monitors and TVs.
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Circuit CityÂs profit rose more than sevenfold, benefiting from increased sales in flat-panel TVÂs and digital-imaging products.
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Online DVD rental service Netflix Inc. said Monday its third-quarter profit rose 23 percent, ahead of company expectations, as its subscriber base grew.
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Third-quarter net income rose 7.4 percent to $960 million, helped by strong demand in international markets. The company also raised its full-year profit outlook.
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JAPANESE electronics giant Sony has reported a quarterly profit gain thanks to the hit movie Spider-Man 2, while rival Matsushita, owner of the Panasonic and Technics brands, benefited from bumper sales of flat-screen TVs.
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Matsushita Electric Industrial Co. Ltd.  (6752.T), the maker of Panasonic brand electronics, said on  Monday it hoped to start selling the world&#039;s largest plasma  television by early next year.