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Stock Market & Financial Investment News

News Breaks
May 1, 2014
05:52 EDTSNESony lowers FY14 operating income outlook to 26B yen from 80B yen
Sony keeps its FY14 sales outlook at 7.7T yen. Sony expects to record approximately 30B yen in additional expenses in FY14 related to exiting the PC business. Since Sony’s announcement on February 6 that it will exit the PC business, PC sales for FY14 and expected PC sales for FY15 are underperforming the February expectation, the company said. Consequently, Sony expects to record write-downs for excess components in inventory and accrual of expenses to compensate suppliers for unused components ordered for Sony’s spring PC lineup. In addition, certain restructuring charges are expected to be recorded ahead of schedule. It added, "However, there has been no significant change to the expected total charges relating to Sony’s withdrawing from the PC business as the increase in the costs recorded in the fiscal year ended March 31, 2014 will be offset by lower costs in the fiscal year ending March 31, 2015. This decrease is because promotional costs that were expected to be incurred for Sony’s spring PC lineup in the fiscal year ending March 31, 2015 are no longer expected to be incurred, and because the above-mentioned restructuring charges that were expected to be recorded in the fiscal year ending March 31, 2015 are now expected to be incurred in the fiscal year ended March 31, 2014." It also expects to record approximately 25B yen in impairment charges mainly related to its overseas disc manufacturing business.
News For SNE From The Last 14 Days
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August 29, 2014
10:00 EDTSNESony volatility at low end of historic range as shares advance
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07:46 EDTSNESony, Samsung to launch smartphones with metal-alloy bodies, DigiTimes says
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06:19 EDTSNESprint to carry Sony's next Xperia phone in the U.S., WSJ reports
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August 28, 2014
12:30 EDTSNENetflix buys flagship series 'The Blacklist' for $2M per episode, Deadline says
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August 26, 2014
09:01 EDTSNEElectronic Arts launches Madden NFL 15 on Xbox One, PS4
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August 25, 2014
06:44 EDTSNESony's PSN back online following cyber attack
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06:04 EDTSNEAmerican Airlines flight diverted as Sony exec receives threat, Re/code reports
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August 24, 2014
16:34 EDTSNESony says PlayStation impacted by Denial of Service attack
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August 22, 2014
11:59 EDTSNEGameStop surges after Q2 EPS, revenue beat expectations
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August 18, 2014
06:03 EDTSNEAUO continues to see curved TV orders from Sony and Samsung, DigiTimes says
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August 15, 2014
10:09 EDTSNESony expected to debut Smartwatch 3 next month, GigaOM reports
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09:39 EDTSNENPD: Sony's PS4 beats out Xbox One in July, BGR reports
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