UPDATE 1-Sony hikes annual profit outlook to record after robust Q2 profits [Reuters]
SONY CORP (SNE)
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Source: Reuters
Sony hikes annual profit outlook to record after robust second-quarter profits | Reuters 2 Min Read TOKYO (Reuters) - Sony Corp lifted its annual operating profit outlook by 30 percent to a record level after a strong second-quarter, bolstered by popular game titles as well as growing demand for its online gaming services. Sony raised its annual profit forecast to 870 billion yen ($7.7 billion) from an earlier estimate of 670 billion yen. That compares with a consensus of 796.4 billion yen from 25 analysts, according to data from Refinitiv. Operating income for the Japanese entertainment and electronics firm surged 17 percent to 239.5 billion yen ($2.1 billion) for the July-September quarter. Expectations for a strong result climbed after the Nikkei business daily reported on Saturday that Sony would log record first-half operating profit for a second year in a row. While sales for its mainstay PlayStation 4 console, now five years old, are on the decline, this has been offset by big
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