Sony Reports 25% Rise in Profit, but Lowers Its Forecast
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Sony said its profit rose in the final three months of 2007, aided by robust sales of televisions and computer games.
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Panasonic maker Matsushita (6752.T)  reported a 22 percent gain in quarterly operating profit on  brisk demand for its digital cameras and flat televisions, and  it stood by its annual outlook that falls short of market  expectations.
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LONDON, October 14  - Sony Ericsson posted robust profit growth for 3Q04, with the company&#39;s quarterly pre-tax profits more than tripling from the one year ago levels.
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TOKYO Sony on Thursday reported a 61 percent jump in net profit for the most recent quarter as &quot;Spider-Man 2&quot; pulled in money for the company&#39;s movie division, helping to conceal slides in its consumer electronics and video game businesses.
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Sony Corp.   said on Wednesday it sees its electronics sales growth outpacing the industry in the current fiscal year, fueled by demand for big televisions and digital cameras, while a decline in component pricing could benefit profits.
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Sony recorded a 61.6% jump in its net profit in the third quarter of this year thanks to the success of its entertainment and movie sectors, the firm said yesterday.
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Microsoft Corp.  on Thursday  posted a 23.5 percent drop in quarterly net profit, but raised  its outlook for the current fiscal year as orders for upcoming  products exceed expectations, lifting its shares by 6 percent.
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Sony Corp. said on Friday its television  business returned to the black in the key October-December  quarter but profits were below its expectations as intense  price competition and heavy costs took a toll.
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The company said quarterly profit rose to $494 million despite a slowing U.S. economy, but it lowered its full-year earnings outlook.
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Sony Corp (6758.T) swung to a quarterly  operating profit as robust sales of digital cameras and  camcorders helped offset videogame losses, and it raised its  annual outlook that exceeds market expectations.
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Sony will delay the release of its full-year earnings by about three weeks due to stricter U.S. accounting rules, the company said Wednesday.
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Japan's Sanyo Electric Co. Ltd. reported a swing to an annual operating profit after cost cuts more than offset sluggish digital camera sales, but it forecast an unexpected earnings decline for this year.
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Sony Corp., the Japanese electronics and entertainment giant. said Thursday that its profit jumped 61.6 percent in the latest quarter on improved profitability in its mobile phone joint venture and gains in its movie business, led by "Spider-Man 2."
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Japan's Sony Corp. does not expect a sharp recovery in the profitability of its home electronics business during the crucial October to December quarter, citing high costs to develop flat-panel televisions and a shrinking market for home audio goods.
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The consumer electronics retailer said 2nd-quarter profit rose to $250 million on strong international results and tighter spending controls.
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The Sony Corporation reported a 61 percent increase in net profit for the most recent quarter, as &quot;Spider-Man 2&quot; pulled in big profits for the company&#39;s movie division and helped
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Walkman phones prove leader of the pack Sony Ericsson saw its profits jump 55 per cent year-on-year in its results for the second quarter of 2007.â¦