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Thursday October 25, 2007

Sony Electronics Profits Up

Thanks to a recent jump in profits, Sony has raised its full-year forecast by 2%. Even though its gaming division is losing money, Sony electronics are selling very well.

The profit jump also reflected the absence of hefty costs booked in the same quarter last year to recall faulty PC batteries, as well as lower marketing expenses in the pictures division and a gain on the sale of land.

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Posted by Steve 9:27 AM (CST)