Sony Swoons on Weak Q2; Chops Full-Year Guidance

Sony (SNE) shares are taking a pounding in an otherwise upbeat market after the consumer electronics giant reported weaker-than-expected second-quarter results and reduced its full-year guidance.

For Q2, the company posted revenue of $18.67 billion and diluted profits of 31 cents a share; the Street had expected $19.6 billion and 40 cents. Revenues were down 4.3 percent from $19.5 billion in the March quarter.

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