9 posts and columns on yen

Voices

Sony Swings to Loss, Slashes Full-Year Forecast

in News on February 2 at 6:10 am PT

Sony Corp. said Thursday it veered into a fiscal third-quarter net loss of more than $2 billion and forecast a much wider full-year loss than previously expected, dragged down by losses in its television business and the impact of the strong yen on its European operations.

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Sony Forecasts Loss Topping $1 Billion for Year

in News on November 2, 2011 at 2:44 am PT

Sony Corp. said Wednesday it swung to a net loss for the three months ended Sept. 30 and now expects to lose well over $1 billion this fiscal year, as the strong yen dents sales outside Japan and its loss-making television business continues to struggle.

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Sony Slides to Loss on Quake, Cuts Guidance

in News on July 28, 2011 at 3:11 am PT

Sony Corp. said Thursday it slipped to a net loss in its fiscal first quarter, squeezed by the impact of the March 11 disasters, and lowered its earnings forecast for the fiscal year, citing weak sales of televisions as well as the yen’s strength versus the euro.

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Sony Net Slips 8.6 Percent

in News on February 3, 2011 at 3:30 am PT

Sony Corp. said Thursday its net profit in the October-December period was down 8.6 percent from a year earlier, weighed by the strong yen and thin margins in its television business.

Sony Celebrates 30th Anniversary of Walkman With Lousy Earnings

in News on July 30, 2009 at 5:24 am PT

More bad news from Sony. This morning the electronics giant posted its second straight quarterly loss and reiterated its forecast for another year of red ink. Clearly, Sony must do more than just slash jobs and suppliers if it ever hopes to regain its position in the market.
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Sony Earnings Fall From Ugly Tree, Hit Every Branch on the Way Down

in News on May 14, 2009 at 5:15 am PT

About the best thing to be said for Sony’s grotesque financial results is that they came in smaller than expected. The company’s 98.9 billion yen ($1 billion) loss for the fiscal year ended March–its first net loss in 14 years–wasn’t nearly as bad as the 150.0 billion yen ($1.57 billion) figure it had predicted in January or even close to the 173.8 billion yen ($1.8 billion) analysts polled by Thomson Reuters had been forecasting.
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A Short, Sharp Shock

in News on February 6, 2009 at 3:15 pm PT

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Dell Gains Stand Out as Server Sales Rise 12.2 Percent

in News on August 22, 2008 at 10:19 am PT

Worldwide server sales rose 12.2 percent, year over year, to 2.3 million units, in the second quarter, declares research firm Gartner (IT) in a note today, while revenue was up 5.7 percent for a total of $13.8 billion.

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Beware The Strengthening Dollar

in News on August 14, 2008 at 9:41 am PT

The steady crumbling of the value of the U.S. dollar over the last two years has given a big boost to reported earnings at many U.S. companies that sell goods overseas in local currencies but report in dollars.