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Financial Roundup

10/24/2005 01:31:00 PM Eastern

Mitsubishi CE Sales Tick Up 1%

Tokyo — Mitsubishi Electric’s home appliances business, which includes consumer electronics, registered a 1 percent increase in sales during the company’s fiscal first half, rising to $4 billion from a year-earlier $3.94 billion.

Toshiba CE Biz Increases In 1st Half

Tokyo — First half sales in the digital products business at Toshiba jumped 9 percent, hitting $10.1 billion, up from a year-ago $9.2 billion.

JVC CE Sales Off 4.1%



Tokyo — D-ILA hybrid projection systems and camcorders helped grow consumer electronics sales in the Americas during the fiscal first half for Victor Company of Japan (JVC), but these products could not make up for problems with DVD recorders and LCD televisions.

XM Doubles Revenue, Subscribers



Washington — Total third-quarter revenue at XM Satellite Radio more than doubled, hitting $153.1 million, up from a year-ago $65.4 million, a 134 percent jump.

Cobra Sales Rise 8.1%, Income Triples



Chicago — Boasting improved sales in nearly all its product lines, Cobra Electronics posted an 8.1 percent rise in third-quarter sales, coming in at $33.5 million, up from a year-ago $31 million.

Amazon N.A. CE Business Sales Rise 33%



Seattle — Sales in the North American electronics and other general merchandise business at Amazon.com jumped 33 percent in the third quarter, climbing to $304 million, from $228 million in the year-ago period. This business includes consumer electronics, office products and cameras

LCD TVs Boost Sharp Overseas CE Biz Sales 4.1%



Osaka, Japan — Sales of LCD color televisions increased 40.2 percent in the fiscal first half at Sharp, rising to $1.6 billion, from $1.1 billion in the year-ago period.

OfficeMax Q3 Retail Sales Flat, Income Slides



Itasca, Ill. — Impacted by varying back-to-school sales performance in geographic regions and flat same-store growth in most product categories, third-quarter retail sales at OfficeMax increased less than 1 percent, hitting $1.14 billion, compared with a year-ago $1.13 billion.

Electrolux U.S. Majaps Shipments Up 3.8%



Stockholm, Sweden — Industry shipments of core appliances to the United States increased by 3.8 percent in the third quarter, helping major appliances maker Electrolux post $1.2 billion in North American sales of indoor products, previously called consumer durables, compared with $1 billion in the year-ago third quarter.

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