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TOKYO (AP) - Two major Japanese electronics companies, Matsushita Electric and Sharp Corp., issued upbeat earnings Wednesday on robust demand for consumer electronics, though Matsushita, the maker of Panasonic-brand products, said plasma TV sales dipped on sliding prices.
Net income at Osaka-based Matsushita jumped 9.7 percent in the April-June quarter to 39.31 billion yen ($327.34 million) in the April-June period from 35.83 billion yen a year earlier, buoyed by digital cameras and car electronics.
Revenue rose 4.8 percent to 2.240 trillion yen ($18.65 billion) from 2.137 trillion yen a year earlier, as solid sales overseas helped offset a less than stellar performance in Japan.
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