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Wednesday, February 3, 2016

Sony quarterly operating profit rises 11 percent, beats analyst estimates

   Sony reported an 11 percent rise in quarterly operating profit on Friday as strong sales of PlayStation 4 games helped offset a decline in sales of image sensors, which had led the company's turnaround in the previous year.
Sony said October-December operating profit rose to 202.1 billion yen ($1.68 billion) from 182.1 billion yen a year prior, beating the average 175 billion yen forecast of 8 analysts according to Thomson Reuters data.
The company maintained its outlook for full-year operating profit to grow to 320 billion yen from 68.5 billion in the previous year.

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