Oct 30 · 9:21:00 AM · Source: Company News

Sony Friday reported a net loss for the fiscal second quarter ended Sept. 30 of 26.3 billion yen ($287.5 million), compared with a net profit of 20.8 billion yen in the same period a year earlier. During the quarter, Sony booked restructuring costs of 32.8 billion yen, compared with costs of roughly 900 million yen a year earlier, Sales and operating revenue for the quarter fell to 1.66 trillion yen from 2.07 trillion yen a year earlier.
Loss was less than expected by Wall Street.

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by Larry Etter