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Sony shares up 7 pct on robust Q2, firmer outlook

Thu Oct 25, 2007 8:19pm EDT
 
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TOKYO, Oct 26 (Reuters) - Shares in Sony Corp (6758.T: Quote, Profile, Research, Stock Buzz) rose more than 7 percent in early trade on Friday after the electronics and entertainment conglomerate swung to a quarterly operating profit and raised its annual outlook.

Sony said on Thursday its operating profit in July-September came to 90.47 billion yen ($792.2 million), in a reversal from a loss of 20.83 billion yen a year earlier, thanks to strong sales of PCs and digital cameras.

Net profit soared from 1.68 billion yen a year earlier to 73.72 billion yen, a record second-quarter figure.

Shares in Sony were up 7.8 percent at 5,510 yen by 0015 GMT, outperforming the Nikkei average .N225, which rose 0.6 percent.

 

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