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 reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations.
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) concluded the recent trading session at $82.38, signifying a +0.94% move from its prior day's close.
The Asian conglomerate updated investors on its share repurchase program. This was launched in mid-May.
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.
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.
Stocks have been surging for nearly 18 months, causing some companies to pursue stock splits amidst soaring valuation. Sony announced a 5-for-1 split set to occur in October.
Sony (SONY) concluded the recent trading session at $87.32, signifying a +1.5% move from its prior day's close.
Private equity behemoth Apollo Global Management has invested $700 million in high-profile record label Sony Music Group, allowing its clients an opportunity to invest in "high grade" alternative assets.
Zacks.com users have recently been watching Sony (SONY) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The latest trading day saw Sony (SONY) settling at $96.07, representing a +0.46% change from its previous close.