Sony film unit, electronics boost Q3

January 31, 2007 Sony Corp. on Tuesday posted better-than-anticipated fiscal third-quarter financial results thanks to strong film figures and a turnaround at its electronics unit, though the costs associated with the launch of the PlayStation 3 video game console and weaker-than-thought PlayStation Portable sales weighed on the company's bottom line. Based on the latest figures, the entertainment and electronics giant raised its full fiscal-year profit forecast by 38%, signaling its electronics unit's turnaround is ahead of plan. The Ballad of Ricky Bobby and the boxoffice performance of the latest James Bond film, Casino Royale, boosted film results, with management saying the movie division is well on track to boost its profit for the full fiscal year.

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