Sony Corp (ADR) (SNE) Releases Earnings Results, Beats Expectations By $1.77 EPS

Sony Corp (ADR) (SNE) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $-70.03 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $1.77. Analysts had a consensus of $-71.80. The company posted revenue of $1824101.00 million in the period, compared to analysts expectations of $1781146.33 million. During the same quarter in the previous year, the company posted $-91.39 EPS.

Many Wall Street Analysts have commented on Sony Corp (ADR). Sony Corp (ADR) was Downgraded by JP Morgan to ” Neutral” on Apr 21, 2016.

Sony Corp (ADR) closed down -0.16 points or -0.62% at $25.61 with 11,10,528 shares getting traded on Wednesday. Post opening the session at $25.72, the shares hit an intraday low of $25.39 and an intraday high of $25.8 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

Sony Corporation (Sony) is engaged in the development design manufacture and sale of various kinds of electronic equipment instruments and devices for consumer professional and industrial markets as well as game consoles and software. The Company’s segments include Mobile Communications Game & Network Services Imaging Products & Solutions Home Entertainment & Sound Devices Pictures Music Financial Services and All Other. Its manufacturing facilities are located in Asia including Japan. Sony also utilizes third-party contract manufacturers for certain products. Sony’s products are marketed throughout the world by sales subsidiaries and unaffiliated distributors as well as direct sales through the Internet. Sony is engaged in the production acquisition and distribution of motion pictures and television programming and the operation of television and digital networks. The Company also develops produces and distributes recorded music.

Sony Corp (ADR)

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