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via finance.yahoo.comBusiness & Companies

Sony raises record profit forecast, but shares slip 2.63%

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Sony Group (NYSE:SONY) shares fell 2.63% to $26.82 at 10:24 a.m. ET on Friday, November 6, even after the entertainment and electronics giant raised its full-year forecast to record levels. Sony now expects net profit of 1.33 trillion…

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishThe higher profit forecast is positive for fundamentals, although the stock fell during the session.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sony expects net profit of 1.33 trillion yen for the year ending March 2027, up from 1.21 trillion.
  2. 02July-to-September net profit rose 44.4%.
  3. 03The Kumamoto image sensor plant, damaged in a July earthquake, is back to production.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Sony Group CorporationSONYStock27.04 USD+0.04%today -1.83%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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