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.





