Sony (SNE) Disappoints With Loss In Q4, Sales Grow Y/Y
Zacks Investment Research | Apr 26, 2018 11:50PM ET
Sony Corporation (NYSE:SNE) incurred fourth-quarter fiscal 2017 loss per share of ¥13.3 (12 cents) compared to the year-ago quarter figure of an earnings of ¥21.45.
For fiscal 2017, the company’s earnings per share came in at ¥379.75 ($3.42) compared with ¥56.89 in the year ago.
Inside the Headlines
Sony’s sales and operating revenues were up 2.5% year over year to ¥1,951 billion ($18 billion). Robust performance by the Game and Network Services (G&NS) as well as the Music and Home Entertainment & Sound (HE&S) segments spurred top-line growth.
Also, operating income came in at ¥22.2 million ($205 million), down by 76.4% from the year-ago quarter. Decline in the operating income at the Mobile Communications, the Semiconductors and the Financial Services segments compared unfavourably with the year-over-year tally.
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