US Markets

Sony reports 18% jump in Q1 profit on strong image sensor business

Credit: REUTERS/Toru Hanai

Japan's Sony Corp on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor business.

TOKYO, July 30 (Reuters) - Japan's Sony Corp 6758.T on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor business.

The electronics firm posted an operating profit of 230.9 billion yen ($2.1 billion) for the April-June quarter, up from 195.01 billion yen a year prior.

That was above a consensus estimate of 173.61 billion yen from 8 analysts polled by Refinitiv.

($1 = 108.6200 yen)

(Reporting by Makiko Yamazaki; Editing by Stephen Coates)

((Makiko.Yamazaki@thomsonreuters.com; 81-3-6441-1039;))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest Markets Videos

    Reuters

    Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

    Learn More