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Machiavellian on 01 May 2014
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kowenicki said:

Oh look, yet another down grade of their forecast. Its not even funny any more. They do it, time and time and time again.

3 different profit ewarnigns in 6 months, each worse than the last?

Start the year with a very bright and positive outlook and then 2 or 3 times during the year they reduce those estimations sometimes only weeks apart. How can you be so wrong and then so wrong again within a few weeks? Looks like that CFO they fired was replaced with a man just as stupid.



This has happened every year for the last 6 years.

When you think about the financial picture, its really not the loss that is a big issue.  Its the company stating they will make a profit then having to come back and state they will have a big loss.  Most of the losses are one time charges to the business which isn't going to really have a permanent effect.  I have to agree that is very worrying that Sony would make such estimates only to then come back and state these type of losses.