Breaking News: Sony to post massive $1.7 billion loss

[johnsobas]

BenVTrigger said:

ymeaga1n said:

BenVTrigger said:

ymeaga1n said:

Sony 2008 Q1 = $330 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q1_sony.pdf )

Sony 2008 Q2 = $200 million (http://www.sony.net/SonyInfo/IR/financial/fr/08q2_sony.pdf )

 

ah thank you. Like i said i wasn't sure. So that means that they lost that much money in only 2 quarters? cause thats kinda insane.

No. They're year is over at end of March. It was just the end of their Q3 on Dec 31. What they are saying is they are forecasting that they will lose $1.7 billion when the books close on March 31. It could even be worse than $1.7 billion at that point. Seeing how companies take optimistic approach, this might be likely.

(http://www.sony.net/SonyInfo/IR/financial/fr/08revision2_sony.pdf <~~ See the -150 billion yen figure under the revised forecast?)

 

 

right I get that but what i'm asking is if they posted a profit in Q1 and Q2 of this year then wouldn't all their losses have to come from Q3 and Q4?

they are forcasting a 1.7 billion dollar loss for the whole fiscal year, meaning the next 2 quarters have to erase that 530 million dollars in profit, plus another 1.7 billion on top of that.