Monday, February 7, 2011
Sony Corp. posted an 8.6% decline in quarterly profit and scaled back its liquid crystal display television sales targets.
Following similarly grim TV business results from Panasonic Corp., LG Electronics Inc. and Samsung Electronics Co., Sony said its TV unit posted a 13 billion-yen ($159.2 million) loss in its fiscal third quarter ended Dec. 31 with more losses expected in the current quarter. Overall,
Sony posted a net profit of 72.3 billion yen, or $885.6 million, in the October-December quarter versus net profit of 79.2 billion yen in the year-ago period
By: DocMemory
Copyright © 2023 CST, Inc. All Rights Reserved
|
