Sony Posts Q1 Profit; Lifts FY Revenue Outlook - Quick Facts

(RTTNews) - Sony Corp. (SNE, SON.L) reported that its first-quarter net income attributable to stockholders of 3.48 billion yen or 2.98 yen per share, compared to a loss of 24.64 billion yen, or 24.55 yen per share, in the prior-year quarter.

Sales and operating revenue for the quarter improved to 1.71 trillion yen, from 1.51 trillion yen in the year ago quarter.

For the fiscal year ending March 31, 2014, Sony still expects net income attributable to stockholders to be 50 billion yen.

The company raised its fiscal year Sales and operating revenue guidance to 7.90 trillion yen from prior estimate of 7.50 trillion yen, mainly due to the positive impact of the depreciation of the yen, partially offset by downward revisions in annual unit sales forecasts of certain electronics products.