i guess i don't understand what being in the black means. stupid me.In the wake of a $115 million loss in Sony's third quarter, its stock price has taken a significant hit, reports Bloomberg. Shares dropped from ¥1,530 ($16.51) to ¥1,365 ($14.7, a decrease of 10.78 percent. Bloomberg notes that this is the eighth consecutive quarter that Sony has posted a loss, and that the stock price decline is the largest the company has seen since November 2008. Investors had hoped the weak Yen would help bolster the company's earnings.
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Thread: Sony returns to black in Q3
Okay, lesson learned. Let's actually stop mentioning Microsoft.Thanks to Kwes for the signature!
Hmm, reading the report, and yes Sony made a loss to shareholders of 10.8 million ...
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- Feb 2009
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might have been covered, but since sony is so so big and does other things... They need to do an NINTENDO and MERGE CERTAIN AREA'SPlato and Aristotle, a detail of The School of Athens, a fresco by Raphael. Aristotle gestures to the earth, representing his belief in knowledge
I hope PS4 is still coming this year..
Nothing in that article states that Sony lost anything, so I don't know where people are getting this. That article is titled wrong to what it was talking about. The title makes you think they took a loss, but if people actually read the article it says they made a profit.
All the original article proved was Sony making close to a half a million dollar profit, not a loss.
Feb 7 (Reuters) - Sony Corp posted a third-quarter operating profit after a loss a year ago, supported by lower costs and proceeds from asset sales that are helping it offset weak demand for its TVs and other devices.
In the three months to Dec. 31, Sony posted a 46.4 billion yen ($496 million) operating profit, compared with a 91.7 billion yen loss a year ago. The result was below the average 72.1 billion yen profit estimated by six analysts surveyed by Thomson Reuters I/B/E/S.
Following a 67 billion yen loss in the previous business year, Sony stuck to its full year operating profit forecast of 130 billion yen, compared with a consensus estimate of 119 billion yen of 19 analysts.
Since the start of the year Sony's shares have gained nearly 60 percent, rebounding from 30-year lows, compared with a 9 percent rise in the benchmark Nikkei 225.
Last edited by Coconut_Crunch; 02-20-2013 at 15:01.
Last edited by Coconut_Crunch; 03-03-2013 at 17:57.
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