Sony quarterly operating profit rises 11 pct, beats analyst estimates

Image
Reuters TOKYO
Last Updated : Jan 29 2016 | 11:57 AM IST

TOKYO (Reuters) - Sony Corp reported an 11 percent rise in quarterly operating profit on Friday as strong sales of PlayStation 4 games helped offset a decline in sales of image sensors, which had led the company's turnaround in the previous year.

Sony said October-December operating profit rose to 202.1 billion yen ($1.68 billion) from 182.1 billion yen a year prior, beating the average 175 billion yen forecast of 8 analysts according to Thomson Reuters data.

The company maintained its outlook for full-year operating profit to grow to 320 billion yen from 68.5 billion in the previous year.

($1 = 120.5500 yen)

(Reporting by Ritsuko Ando; Editing by Christopher Cushing)

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jan 29 2016 | 11:52 AM IST

Next Story