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Sony logs 42 percent plunge in first quarter operating profit on quake damage

The company logo of Sony Cooperation is seen at the CP+ camera and photo trade fair in Yokohama, Japan, February 25, 2016.

Japan's Sony Corp (6758.T) on Friday said operating profit fell in its first quarter by 42 percent, less than analysts had estimated, as the electronics maker trimmed the impact of earthquake damage to one of its image sensor factories.

Profit reached 56.2 billion yen ($542.7 million) for April-June, versus 96.9 billion yen in the same period a year earlier. That result compared with a Thomson Reuters Starmine SmartEstimate of 7 billion yen drawn from 10 analysts.

The firm maintained its full-year profit forecast of 300 billion yen, a 2.0 percent rise over the previous year. It also estimated the...


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