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Sony shares soar to 9-year high after forecast of record profit
November 1, 2017 / 1:01 AM / 20 days ago

Sony shares soar to 9-year high after forecast of record profit

TOKYO, Nov 1 (Reuters) - Shares in Sony Corp soared as much as 11.6 percent to a nine-year high on Wednesday after the Japanese electronics and entertainment firm forecast its best ever annual profit.

Sony raised its full-year operating profit forecast by 26 percent to 630 billion yen ($5.5 billion), citing strong sales of image sensors as well as high-end television sets, underscoring the success of its restructuring efforts.

The Nikkei average was up 1 percent in morning trade. ($1 = 113.7800 yen) (Reporting by Thomas Wilson; Editing by Edwina Gibbs)

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