Categories Earnings, LATEST, Technology

Sony Corp (SNE): Q2 2019 Earnings Snapshot

— Sony Corp (NYSE: SNE) reported a 3% drop in Q2 2019 Sales and operating revenue at 2.12 trillion yen, hurt by a slowdown in the gaming segment.

— Revenue from Gaming and Network services slid 17%, which was partially offset by a 22% gain in the Imaging and Sensing solutions segment.

— Operating income grew 16%, riding on the growth in Imaging and Pictures units.

— Better-than-expected Q2 results prompted an increase in FY19 operating profits to 840 billion yen, compared to the prior estimate of 810 billion yen. Outlook on the topline was, meanwhile, slashed to 8.4 trillion yen, versus the earlier forecast of 8.6 trillion yen.

— SNE share have gained 20% since the start of this year.

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