Sony Reports $2.45 Billion in Q3 Profit, Exceeding Expectations
TOKYO — Sony Corp. (SONY) has announced its financial results for the fiscal third quarter, reporting a net income of $2.45 billion.
The Tokyo-based technology and entertainment giant stated that its earnings per share (EPS) reached 41 cents, surpassing market predictions. Analysts surveyed by Zacks Investment Research had anticipated an EPS of 29 cents, making the actual results stronger than expected.
Sony generated $28.95 billion in revenue for the quarter. Looking ahead, the company has projected its full-year revenue to reach $86.66 billion.
(Original financial data sourced from Zacks Investment Research)