Sony operating profit up on previous estimate

Japanese electronics maker Sony says its official third-quarter operating profit is ¥182 billion (€1.4 billion), up 2.2 per cent from an estimate last month, boosted by sales of sensors and video games.

Sony says that including official results for its Hollywood movie studio after a massive hack into its computer systems, the quarterly revenue rose 6.5 per cent from a year earlier to ¥2.567 trillion, instead of the ¥2.558 trillion it estimated earlier. Forecasts for the full-year ending March 31st were unchanged.

Sony has struggled to gain market share in high-end smartphones. However, its shares have risen more than 30 per cent this year on hopes of a turnaround following massive cuts in unprofitable segments and targeted expansion in areas such as sensors for smartphone cameras. – (Reuters)