for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Markets News

Sony Q2 profit rises 13.9%, beats estimates

TOKYO, Oct 28 (Reuters) - Japan’s Sony Corp on Wednesday reported a 13.9% increase in second-quarter operating profit and raised its full-year earnings outlook thanks to an upbeat gaming business.

July-September profit reached 317.76 billion yen ($3 billion), from 278.96 billion yen in the same period a year prior, the entertainment and electronics firm said in a statement.

The result compared with the 197.55 billion yen average of 11 analyst estimates compiled by Refinitiv.

Sony raised its annual profit forecast to 700 billion yen from an earlier estimate of 620 billion yen. That compared with the 672.33 billion yen consensus of 24 analysts. ($1 = 104.7000 yen) (Reporting by Makiko Yamazaki; Editing by Christopher Cushing)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up