Actionable news
All posts from Actionable news
Actionable news in SNE: SONY CORPORATION ADS,

Sony Returns to Full-Year Net Profit

A Sony Computer Entertainment employee demonstrates the newly developed PlayStation VR in Tokyo on March...

TOKYO—Sony Corp. reported Thursday a net profit of 147.8 billion yen ($1.36 billion) for the fiscal year ended March 31, marking a turnaround for the Japanese electronics conglomerate, which has struggled to maintain profitability for much of the past decade.

The earnings results compare with the company’s guidance for a profit of ¥145 billion profit for the year, and a FactSet mean estimate by 24 analysts for ¥147 billion. Sony reported a ¥126 billion...