Sony Group Corporation - Sponsored American Depositary Receipt (SONY)
Sony Group Corporation (SONY) Q1 2024 Earnings Call Transcript
Sony Group Corporation (NYSE:SONY ) Q1 2024 Earnings Conference Call August 7, 2024 3:00 AM ET Company Participants Hiroki Totoki - President, COO and CFO Naomi Matsuoka - Senior Vice President, In charge of Corporate Planning and Control, Lead of Group DEI, Support for Finance Business and Entertainment Area Sadahiko Hayakawa - Senior Vice President, In charge of Finance and IR Kazuhiro Yamada - Senior Managing Director & CFO, Sony Financial Group Inc. Conference Call Participants Mikio Hirakawa - BofA Securities Ryosuke Katsura - SMBC Nikko Securities Yasuo Nakane - Mizuho Securities Junya Ayada - JPMorgan Securities Unidentified Company Representative It's time. We'd now like to start the Sony Group Corporation Consolidated Earnings Announcement Meeting.
Sony rules out renewing offer for Paramount, says it wouldn't fit strategy
Hiroki Totoki, Sony's chief financial officer, said the Japanese tech giant has no plans to submit a revised offer for Paramount. Totoki's comments mark a confirmation that Sony no longer plans to pursue Paramount, after independent film studio Skydance Media struck a deal to acquire the media giant.
Sony numbers buoyed by mobile phone camera surge
Sony Group Corp (NYSE:SONY) saw a 10% rise in operating profit in its latest three months even though its PS5 game console sales fell. Good sales of image sensors (for cameras in mobile phones) offset the dip in video game revenues though console profits rose and the entertainment giant was confident enough to raise its full-year profit forecast by 3%.
Sony hikes annual net profit forecast after solid Q1
Sony raised its full-year net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in its video game, music and image sensor sectors.
Sony Pictures Entertainment Profit Slides Down To $73M In First Quarter
Sony Pictures Entertainment posted first quarter operating incoming of $73M, down over 36% year-on-year on a U.S. dollar basis. Revenues also slipped 7% from $2.32B to $2.
Sony posts 10% profit rise in Q1 on image sensor strength
Sony on Wednesday booked a 10% rise in operating profit in the April-June quarter, beating analyst estimates, boosted by the strength of its industry-leading image sensor business.
Sony beats first-quarter earnings estimates as profit jumps 10%
Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations.
3 Audio Video Stocks to Keep an Eye on Amid Industry Headwinds
Investments in innovative solutions that enhance experience are likely to aid Zacks Audio Video Production industry participants like Sony (SONY), Panasonic (PCRHY) and Sonos (SONO) amid cautious discretionary spending.
Sony (SONY) Advances While Market Declines: Some Information for Investors
Sony (SONY) concluded the recent trading session at $82.38, signifying a +0.94% move from its prior day's close.
Why Stock-Split Stock Sony Topped the Market Today
The Asian conglomerate updated investors on its share repurchase program. This was launched in mid-May.
Sony Layoffs 2024: What to Know About the Latest Job Cuts at Bungie
Sony (NYSE: SONY ) layoffs are in the news Friday as the PlayStation parent company is cutting jobs at video game development studio Bungie. Bungie is the original developer of the Halo series and is currently working on Destiny 2 and its expansions.
Wall Street Analysts Think Sony (SONY) Is a Good Investment: Is It?
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
