Sony revises guidance on upbeat Q3

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Sony has released its Q3 numbers and told analysts in Tokyo that it was raising its profit outlook for the full year helped by strong sales of image sensors for cellular phones.

Operating profit came in at ¥300.1 billion (£2.1bn/$2.76bn) for October-December, from ¥376.99 billion in the same period a year earlier. Despite this 20 per cent fall the actual numbers delivered were ahead of the market’s expectations.

As a result Sony says it has raised its annual profit forecast to ¥880 billion from ¥840 billion. That compared with the ¥878.47 billion consensus drawn, reported Reuters, from 22 analysts.

Sony’s high profile movie division saw profits fall 50 per cent to ¥6.2 billion ($51 million) and thus down from $107 million in the previous year.

Its electronics division suffered a 9 per cent fall on lower TV and mobile phone sales.


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