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Actionable news in SNE: SONY CORPORATION ADS,

Sony sets record with three-fold jump in first quarter operating profit

TOKYO (Reuters) - Japan's Sony Corp on Tuesday reported its highest-ever first-quarter operating profit, taking the electronics giant one step toward its highest annual profit in two decades on the back of robust sales of image sensors.

In a vote of confidence for Sony's turnaround under Chief Executive Officer Kazuo Hirai, the firm's shares have risen by around 40 percent this year to nine-year highs.

The box-office success of its "Spider-Man: Homecoming" film has also fueled hopes of a rise in earnings for Sony's pictures business, which is working through a restructuring plan.

Profit increased 2.8 times to 157.61 billion yen ($1.43 billion) in April-June, exceeding the previous first-quarter record...


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