Sony (SNE) Posts Quarterly Earnings, Beats Estimates By $33.24 EPS
Sony (NYSE:SNE) released its earnings data on Thursday. The company reported $22.94 EPS for the quarter, beating the Thomson Reuters consensus estimate of ($10.30) by $33.24, Stock Ratings Network.com reports. The company had revenue of $1,809.00 billion for the quarter, compared to the consensus estimate of $1,692.74 billion. During the same quarter in the prior year, the company posted $2.98 earnings per share. The company’s quarterly revenue was up 5.7% on a year-over-year basis.
Sony (NYSE:SNE) traded up 4.56% on Thursday, hitting $18.33. The stock had a trading volume of 5,208,578 shares. Sony has a one year low of $15.23 and a one year high of $22.25. The stock’s 50-day moving average is $16.77 and its 200-day moving average is $17.20. The company’s market cap is $19.131 billion.
A number of research firms have recently commented on SNE. Analysts at Zacks upgraded shares of Sony from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 22nd. They now have a $17.10 price target on the stock. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Sony currently has an average rating of “Buy” and an average price target of $18.95.
Sony Corporation (NYSE:SNE) is engaged in the development, design, manufacture, and sale of various kinds of electronic equipment, instruments, and devices for consumer, professional and industrial markets, as well as game consoles and software.
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