Refresh for latest…: Second-quarter profits at Sony Pictures Entertainment slid to $124 million for the three months ended September 30, 2024. That’s a 39% decrease versus the similar quarter in 2023, on a U.S. dollar basis.  Adjusted OIBDA (Operating Income Before Depreciation and Amortization) came in at $218 million (-26%). This is based on revenues that were down 14% compared to last year, landing at $2.385 billion. Announcing results from Tokyo, Sony Corp said the drops were attributable to lower seri ...

Sony reported its sales for its game and network services division were 1,071.5 billion yen ($7.01 billion) for the second fiscal quarter ended September 30, up 12% from a year ago.Operating income for the G&NS division was 138.8 billion yen ($908 million), up 2.8 times from a year ago. Much of the improvement comes from sales of third-party games. Sony said that sales grew because of an increase in third-party game software sales, better foreign exchange rates, an increase in network service sales includin ...

Sony reported a 69% jump in operating profit Thursday, smashing analyst expectations.Here's how the Japanese tech giant did in the September quarter, versus LSEG consensus estimates:Operating profit: 445.1 billion yen ($2.91 billion), versus 336.07 billion yen expected. That's up 69% year-over-year and beats analyst expectations.Last quarter, Sony reported a 10% in operating profit, as the electronics giant's performance was boosted by the release of R&B singer Beyonce's "Cowboy Carter" album.Sony's gaming ...

SAN FRANCISCO, Nov. 07, 2024 (GLOBE NEWSWIRE) -- Swift Navigation ("Swift"), a leader in precise positioning technology, announced a joint solution developed with Sony Semiconductor Solutions Corporation (“Sony”) that integrates Swift’s Skylark® Precise Positioning Service with Sony’s ultra-low-power CXD5610 GNSS chipset. The partnership dramatically enhances location accuracy, unlocking new capabilities that boost safety, efficiency, and regulatory compliance across logistics, construction, micromobility, ...

Core Viewpoint - Sony's stock has underperformed recently, returning -5.6% over the past month compared to the S&P 500's +3.2% and the Zacks Audio Video Production industry's -4.6% [1] Earnings Estimates - Sony is expected to post earnings of $0.27 per share for the current quarter, reflecting a year-over-year increase of +22.7% [4] - The consensus earnings estimate for the current fiscal year is $1.12, indicating a year-over-year change of +2.8%, which has remained unchanged over the last 30 days [4] - For the next fiscal year, the consensus earnings estimate is $1.21, representing an increase of +8.4% from the previous year, also unchanged over the past month [5] Revenue Growth - The consensus sales estimate for Sony is $20.33 billion for the current quarter, indicating a year-over-year change of +7.7% [8] - The sales estimates for the current and next fiscal years are $90.07 billion and $88.94 billion, reflecting changes of +6.8% and -1.3%, respectively [8] Recent Performance - In the last reported quarter, Sony achieved revenues of $19.32 billion, a year-over-year increase of +16.1% [9] - The reported revenues exceeded the Zacks Consensus Estimate of $17.42 billion by +10.88%, with an EPS surprise of +9.91% [10] - Over the last four quarters, Sony surpassed consensus EPS estimates three times and revenue estimates three times [10] Valuation - Sony is graded A on the Zacks Value Style Score, indicating it is trading at a discount to its peers [14] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for determining whether the stock is fairly valued [12][13] Conclusion - The current Zacks Rank of 3 suggests that Sony may perform in line with the broader market in the near term [15]

Sony Group Corporation (SONY) is scheduled to report second-quarter fiscal 2024 earnings on Nov. 8.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for earnings is pegged at 27 cents per share, indicating a rise of 22.7% from the year-ago reported figure. The consensus estimate for revenues is pegged at $20.3 billion, suggesting growth of 7.7% from the prior-year actuals.The company’s earnings surpassed the Zacks Consensus Estimate in three of the last fo ...

In the latest market close, Sony (SONY) reached $18.05, with a +1.75% movement compared to the previous day. This change outpaced the S&P 500's 1.23% gain on the day. Elsewhere, the Dow saw an upswing of 1.02%, while the tech-heavy Nasdaq appreciated by 1.43%.Prior to today's trading, shares of the electronics and media company had lost 7.28% over the past month. This has lagged the Consumer Discretionary sector's gain of 1.35% and the S&P 500's loss of 0.54% in that time.The investment community will be cl ...

Sony (SONY) closed the latest trading day at $17.98, indicating a +0.73% change from the previous session's end. The stock's change was more than the S&P 500's daily loss of 0.33%. On the other hand, the Dow registered a loss of 0.22%, and the technology-centric Nasdaq decreased by 0.56%. The electronics and media company's stock has dropped by 7.8% in the past month, falling short of the Consumer Discretionary sector's gain of 0.99% and the S&P 500's gain of 1.83%. The upcoming earnings release of Sony wil ...

News in brief: Getac aims to take a new step towards a sustainable world by adopting SORPLAS™ from Sony Semiconductor Solutions (SSS) in its premium rugged products, beginning with the recently launched S510 rugged laptop and K120 fully rugged tablet. SORPLAS is an environmentally conscious plastic developed and provided by SSS, which can achieve up to 99% utilization rate of recycled materials. The announcement reaffirms Getac's collaboration with SSS to delivering long-term sustainability in the technolog ...

The most recent trading session ended with Sony (SONY) standing at $17.75, reflecting a +0.74% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.27%. Meanwhile, the Dow experienced a rise of 0.65%, and the technology-dominated Nasdaq saw an increase of 0.26%. The electronics and media company's stock has dropped by 8.38% in the past month, falling short of the Consumer Discretionary sector's gain of 1.51% and the S&P 500's gain of 2%. Investors will be eagerly ...