After gauging the damage that the devastating March 11 earthquake and tsunami had on its operations, Sony Corp. said Monday that it expects to post a massive net loss for the just-ended fiscal year.
The Japanese entertainment and electronics conglomerate cut its net-profit outlook for the fiscal year that ended in March to a ¥260 billion ($3.19 billion) loss from the ¥70 billion profit it forecast in February.
Along with original content and posts from across the Dow Jones network, this section of AllThingsD includes Must-Reads From Other Websites — pieces we’ve read, discussions we’ve followed, stuff we like. Six posts from external sites are included here each weekday, but we only run the headlines. We link to the original sites for the rest. These posts are explicitly labeled, so it’s clear that the content comes from other websites, and for clarity’s sake, all outside posts run against a pink background.
We also solicit original full-length posts and accept some unsolicited submissions.
