TOKYO (Reuters) - Sony Corp on Wednesday reported a 26.3% rise in first-quarter operating profit, benefiting from lingering pandemic-led demand for its PlayStation 5 games console.
Operating profit for the quarter ended June 30 rose to 280.1 billion yen ($2.57 billion) from 221.7 billion yen a year earlier.
Ten analysts had expected a profit of 207.96 billion yen on average, according to Refinitiv.
Sony raised its profit forecast for the year through March 2022 to 980 billion yen from 930 billion. That prediction was lower than an analysts' average estimate of about 1 billion yen from 25 analysts.
($1 = 109.0400 yen)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments