Sony Turns To Profit In Q3 - Quick Facts

(RTTNews) - Sony Corp. (SON.L, SNE) reported third-quarter net income to stockholders of 27.0 billion yen or 23.09 yen per share, compared to a loss of 10.8 billion yen or 10.72 yen per share, prior year. Income before income taxes increased year-over-year to 89.8 billion yen, from 29.4 billion yen.

Sales and operating revenue increased 23.9 percent to 2.41 trillion yen, from 1.95 trillion yen, prior year. The company said this increase was primarily due to the favorable impact of foreign exchange rates, the launch of the PlayStation 4, as well as a significant increase in sales of smartphones. On a constant currency basis, sales increased 5 percent year-on-year.