Sony Posts Narrower Quarterly Net Loss

Sony

posted a narrower net loss in the quarter ended December 31. Sony posted a quarterly net loss of 10.8 billion yen ($115.65 million), versus a year-ago loss of Y159 billion. Sony posted an operating profit of Y46.4 billion, versus estimates of Y72.13 billion. Its revenue gained 6.9% to Y1.948 trillion. Sony shares closed at $15.82 yesterday.