Investors showed optimism despite Sony reducing its revenue forecast on declining sales of PlayStation 4 games console and televisions. — Reuters
Chief executive officer Kenichiro Yoshida is showing he knows how to manage a shrinking Sony Corp.
The Tokyo-based company’s shares rose after it reported first-quarter profit that beat estimates on strong demand for its image sensors and improved profitability in its smartphone business. The stock climbed as much as 6.6%, the biggest intraday gain in more than two months.
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