Sony Corporation (NYSE:SNE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Sony Corporation Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.93 in the quarter versus EPS of $-4.67 in the year-earlier quarter.
Revenue: Rose 15.03% to $17 billion from the year-earlier quarter.
Quoting Management: “We set out this year with the aim of doing everything we can to get back in the black,” Masaru Kato, Sony’s chief financial officer, commented during a conference call. “This year, we absolutely intend to make a profit in electronics.”
Key Stats (on next page)…
Revenue decreased 24.96% from $22.66 billion in the previous quarter. EPS increased to $0.93 in the quarter versus EPS of $-2.03 in the previous quarter.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)