Sony Q3 Profit Rises, Backs Full Year Forecast - Quick Facts

(RTTNews) - Consumer electronics maker Sony Corp. (SON.L, SNE) Tuesday said third-quarter net income attributable to the company's stockholders was 90.0 billion yen, up from last year's 26.4 billion yen. Earnings per share were 76.96 yen, compared with 22.58 yen in the prior year.

Sales and operating revenue grew 6.5% to 2.57 trillion yen from 2.41 trillion yen in the comparable quarter last year.

The company said the increase in sales is primarily due to the favorable impact of foreign exchange rates, a significant increase in Mobile Communications segment sales reflecting an increase in unit sales of smartphones, a significant increase in Devices segment sales due to the strong performance of image sensors, and a significant increase in Game & Network Services or G&NS segment sales.

Further, Sony said the forecast for consolidated results for the fiscal year ending March 31, 2015, as announced on February 4, remains unchanged.

The company continues to expect loss before income taxes of 5 billion yen, net loss attributable to the company's stock holders to be 170 billion yen and sales and operating revenue to be 8 trillion yen.