TOKYO (Reuters) - Sony Corp shed more than 7 percent to hit a near 32-year low on Friday, a day after it posted a record annual loss of $5.7 billion and failed to convince investors that it has a sound strategy to turn around its loss-making TV business and boost smartphone sales.
Sony Corp shed more than 7 percent to hit a near 32-year low on Friday, a day after it posted a record annual loss of $5.7 billion and failed to convince investors that it has a sound strategy to turn ...
President of Sony Corp (ADR) (NYSE:SNE) Mobile Communications Inc., Hiroki Totoki told the Wall Street Journal in an interview that he is committed to achieving a profit for the company’s mobile unit- a department that has suffered several losses in the past.
Sony Corp. (SNE) shares are up almost 5% today after the company highlighted its strategy to boost slowing sales, despite announcing another quarterly loss earlier in the day. But the Japanese electronics giant nonetheless beat consensus earnings estimate for its second quarter of fiscal 2015 (2QFY15) as a broader restructuring and moves to turn around its fortunes in the smartphone industry take shape.
TOKYO: Japanese consumer electronics maker Sony Corp said it expects operating profit to more than quadruple this fiscal year, boosted by strong sales of camera sensors and cost cuts as it seeks to turn around its loss-making mobile phone business. Sony said on Thursday it estimates operating profit will grow in the year ending March 2016 to 320 billion yen ($2.7 billion) from 68.5 billion in the previous year. Results for the past year were roughly in line with a forecast announced earlier this month.
TOKYO (Reuters) - Sony Corp's shares tumbled 13 percent to a 13-year low on Friday after the electronics maker halved its profit forecast, as the credit crisis hurts demand for its cameras and flat TVs and drives up the yen.
SEOUL: More than a year into the overhaul of its smartphone lineup, Samsung Electronics Co Ltd has yet to find a way to reverse a slide in market share or margins, clouding its growth outlook and fuelling investor impatience. The world's largest handset maker is forecast on Wednesday to guide for its first annual increase in quarterly profit in two years following a dismal third quarter in 2014, but profits and mobile margins are expected to contract on a sequential basis. Samsung has tried various fixes for its phone business.
TOKYO (Reuters) - Shares in Sony Corp shed 3.3 percent to a two-month low of 1,654 yen after Moody's Investors Service cut its debt rating on the Japanese consumer electronics company to junk status, citing challenges in its television and PC businesses.
Sears Canada Inc. is giving a big payout to shareholders, the restructuring retailer said Tuesday as it announced a wider loss and reported its first increase to same-store sales since 2008.
Despite the broader third-quarter loss on one-time restructuring and asset impairment charges, the retailer said Tuesday it would distribute a $509-million special dividend on Dec. 6 to shareholders of record on Dec. 2, or $5 a share — a distribution widely expected on the street after the retailer announced a series of recent property deals.
TOKYO (Reuters) - Sony Corp shares fell nearly 7 percent in their biggest tumble in a year after the electronics maker disappointed investors with a cautious forecast and worries mounted the euro could dull the pace of its recovery.