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  • Japanese electronics giant Sony on Thursday doubled its annual net profit <strong>forecast</strong> for the past fiscal year as a weaker yen and a sale of assets helped boost its bottom line. Sony”s new <strong>forecast</strong> for the year to March 2013 of 40 billion yen ($403 million) net profit is up from an earlier estimate of 20 billion yen. The company reports its results next month. A tumble in the value of the yen in recent months losing about a fifth against the...

    Sony doubles annual net profit forecast to $403 million

    Japanese electronics giant Sony on Thursday doubled its annual net profit forecast for the past fiscal year as a weaker yen and a sale of assets helped boost its bottom line. Sony”s new forecast for the year to March 2013 of 40 billion yen ($403 million) net profit is up from an earlier estimate of 20 billion yen. The company reports its results next month. A tumble in the value of the yen in recent months losing about a fifth against the...

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  • ...billion yen, compared with a loss of 24.4 billion yen a year ago. The result was ahead of an average 230 million yen loss estimated by seven analysts surveyed by Thomson Reuters I/B/E/S. The maker of Aquos TVs stuck with its <strong>forecast</strong> for a full-year operating loss of 155 billion yen compared with an average 152 billion yen loss expected by 19 analysts. Sharp in October secured a $4.4 billion bailout from banks but had to mortgage its offices and...

    Sharp rebounds to Q3 profit, holds full-year forecast

    ...billion yen, compared with a loss of 24.4 billion yen a year ago. The result was ahead of an average 230 million yen loss estimated by seven analysts surveyed by Thomson Reuters I/B/E/S. The maker of Aquos TVs stuck with its forecast for a full-year operating loss of 155 billion yen compared with an average 152 billion yen loss expected by 19 analysts. Sharp in October secured a $4.4 billion bailout from banks but had to mortgage its offices and...

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  • Panasonic said Friday it lost about $6.77 billion in the nine months to December and was on track to lose a whopping $8.3 billion over its fiscal year. The struggling electronics giant”s nine-month net loss of 623.83 billion yen ($6.77 billion) nearly doubled its year-earlier shortfall, while sales slipped 8.8 percent to 5.44 trillion yen, owing to weak flat-panel television sales. However, the company said it posted an operating profit of...

    Panasonic rebounds to Q3 profit, keeps forecast

    Panasonic said Friday it lost about $6.77 billion in the nine months to December and was on track to lose a whopping $8.3 billion over its fiscal year. The struggling electronics giant”s nine-month net loss of 623.83 billion yen ($6.77 billion) nearly doubled its year-earlier shortfall, while sales slipped 8.8 percent to 5.44 trillion yen, owing to weak flat-panel television sales. However, the company said it posted an operating profit of...

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