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 ...
Wall Street slid sharply again on Monday after Britain's shock vote to leave the European Union, putting major US stock indexes on track for their worst two-day swoon in about 10 months. All three main indexes were down at least 1.5 percent in the wake of Thursday's referendum that has roiled global markets and led investors to seek safe-haven assets. The Nasdaq fell more than 2 percent, underperforming the other major indexes, amid fears that fallout from Britain's decision could hit business investment spending in the technology sector.
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.
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.
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 (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.
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.