Sony (SNE) on Thursday reported its results for its third fiscal quarter ended in December, narrowing its loss to $115 million. The company posted a massive $2 billion loss in the same quarter a year earlier. The company’s operating profit came in at $496 million and revenue during the holiday quarter grew 7% year-over-year to $21 billion despite slumping TV sales; Sony’s TV division is now in its ninth consecutive year in the red. Sony maintained that it is on pace to turn a profit of $214 million for the full fiscal year, and it expects annual sales to total $70.6 billion.
Sony narrows Q3 loss to $115 million
Published Feb 7th, 2013 8:45AM EST
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Zach Epstein has been the Executive Editor at BGR for more than 15 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.
His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.
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