SONY CORPORATION : Sony Doubles Full Year Profit Outlook
TOKYO--Japanese electronics firm Sony Corp. (6758.TO) said it doubled its profit outlook for the past business year ended in March, aided by a weaker yen, asset sales and a rebounding stock market that helped its life insurance business.
Sony said it now expects a net profit of Y40 billion ($400 million) for the past fiscal year versus a February estimate of Y20 billion. It also raised its operating profit outlook to Y230 billion from an earlier Y130 billion, while lifting its sales estimate to Y6.8 trillion from Y6.6 trillion.
The company is slated to announce its official earnings figures for the past fiscal year May 9.
http://www.4-traders.com/SONY-CORPORATION-6492482/news/SONY-CORPORATION-Sony-Doubles-Full-Year-Profit-Outlook-16774615/
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