Sony Cuts Profit Outlook by 40 Percent After Second-Quarter Loss

Sony Corp. cut its full-year profit outlook Thursday after its fiscal second-quarter net loss widened due to a loss in its movie business.

The Japanese electronics giant said its net loss for the three months ended Sept. 30 widened to ¥19.3 billion ($196 million) from a loss of ¥15.5 billion a year earlier. Analysts polled by Thomson Reuters had projected a net profit of ¥12.08 billion for the quarter.

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