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Sony's game face: films offset PS3 drain.

Sony's ballyhooed PlayStation 3 squeezed overall earnings last quarter, despite a boom in electronics and a Bond bonanza at Sony Pictures.

Net profit fell 5.3% to $1.3 billion; operating income at the giant Japanese conglom dropped 15% to $1.5 billion.

Revenue rose 10% to $22 billion.

Nevertheless, Sony raised its full-year profit forecast by 38%, suggesting turnaround efforts led by Howard Stringer are bearing fruit.

That would be thanks to electronics, Sony's biggest business by far and the key to any recovery. Profits there surged 103% to $1.5 billion for the third quarter ended Dec. 31, as Bravia LCD TVs and Cyber-shot digital cameras sold like hotcakes.

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