Sony Corp (ADR) (SNE) Releases Earnings Results, Beats Expectations By $25.98 EPS

Sony Corp (ADR) (SNE) reported quarterly earnings results on Friday, Jul-29-2016. The company said it had a profit of $16.44 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $25.98. Analysts had a consensus of $-9.54. The company posted revenue of $1613200.00 million in the period, compared to analysts expectations of $1682979.84 million. The company’s revenue was down -10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $70.52 EPS.

Sony Corp (ADR) opened for trading at $30.47 and hit $30.735 on the upside on Thursday, eventually ending the session at $30.68, with a gain of 0.95% or 0.29 points. The heightened volatility saw the trading volume jump to 14,64,959 shares. Company has a market cap of $38,701 M.

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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