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Sony rules out renewing offer for Paramount, says it wouldn't fit strategy
CNBC· 2024-08-07 17:55
The Paramount Studios in Los Angeles, California, US on Monday, April 29, 2024.Sony's finance chief on Wednesday said the Japanese technology and media giant will not reconsider a fresh bid for film and TV production group Paramount Global.Sony currently has no plans to submit a revised offer for Paramount, said Hiroki Totoki, the company's chief financial officer.In a response to a question during Sony's fiscal first-quarter earnings presentation, Totoki said that an acquisition of Paramount "does not fit ...
Sony hikes annual net profit forecast after solid Q1
Techxplore· 2024-08-07 16:10
This article has been reviewed according to Science X's editorial process and policies . Editors have highlighted the following attributes while ensuring the content's credibility: Sony raised its full-year net profit forecast after a solid performance in the first quarter, predicting strong sales in its video game, music and image sensor sectors. Sony raised its full-year net profit forecast on Wednesday after a solid performance in the first quarter, predicting strong sales in its video game, music and i ...
Sony Pictures Entertainment Profit Slides Down To $73M In First Quarter
Deadline· 2024-08-07 14:38
Sony Pictures Entertainment posted first quarter operating incoming of $73M, down over 36% year-on-year on a U.S. dollar basis. Revenues also slipped 7% from $2.32B to $2.17B for the three months ended June 30, 2024, despite the performances of films such as The Garfield Movie and Bad Boys: Ride or Die and growth in streaming subs. Overall, Tokyo-based Sony pointed to a reduced number of theatrical releases and new TV season launches for the financial drops, but noted anime streamer Crunchyroll had swelle ...
Sony beats first-quarter earnings estimates as profit jumps 10%
CNBC· 2024-08-07 14:12
Sony reported a 10% jump in operating profit in the fiscal first quarter, beating analyst expectations.Here's how Sony did in the June quarter versus LSEG consensus estimates:Revenue: 3.01 trillion yen ($20.5 billion) versus 2.8 trillion yen expected. That marked a 2% rise from the same period a year ago.Operating profit: 279.11 billion yen versus 275.35 billion yen expected. That was up 10% year-over-year.It comes after the Japanese consumer electronics power house reported a disappointing full-year 2023, ...
3 Audio Video Stocks to Keep an Eye on Amid Industry Headwinds
ZACKS· 2024-08-06 22:41
Muted consumer discretionary spending amid weak global macroeconomic conditions is a concern for the Zacks Audio Video Production industry participants. A highly-promotional environment and stiff competition from importers of comparatively low-priced devices are denting margins. Online accessibility of recording equipment and the availability of distribution channels on the Internet are additional headwinds. Nonetheless, industry participants are concentrating on the premium segment of the branded products ...
Sony Layoffs 2024: What to Know About the Latest Job Cuts at Bungie
Investor Place· 2024-08-03 00:16
文章核心观点 - 索尼(Sony)旗下游戏开发工作室Bungie正在裁员,裁员220人,占其总员工的17% [1][2] - Bungie裁员的原因包括开发成本上升、行业变化以及当前经济状况 [3][4] - Bungie还将把其中一个开发项目转移给索尼PlayStation工作室,成立一个新的工作室专注于一款全新的科幻动作游戏 [5] 根据相关目录分别进行总结 公司动态 - Bungie正在裁员220人,占其总员工的17% [1][2] - Bungie将把一个开发项目转移给索尼PlayStation工作室,成立一个新的工作室 [5] 行业分析 - Bungie裁员的原因包括开发成本上升、行业变化以及当前经济状况 [3][4]
This Is the Stock-Split Stock I'm Watching Most Closely Right Now (Hint: Not Nvidia or Chipotle)
The Motley Fool· 2024-07-28 20:55
Many companies have performed stock splits this year as the bull market continues to run.After a dismal performance in 2022, the capital markets came roaring back last year. These gains have poured over into 2024, with the S&P 500 index returning an impressive 45% since last January.Given the meteoric rise in equity prices, it's not entirely surprising to learn that stock splits have seen an uptick. Although stock splits do not inherently change the valuation of a company, the lower share price generally pr ...
Why Sony (SONY) Outpaced the Stock Market Today
ZACKS· 2024-07-27 06:56
In the latest trading session, Sony (SONY) closed at $87.32, marking a +1.5% move from the previous day. This move outpaced the S&P 500's daily gain of 1.11%. At the same time, the Dow added 1.64%, and the tech-heavy Nasdaq gained 1.03%.Shares of the electronics and media company witnessed a gain of 2.08% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 3.51% and the S&P 500's loss of 1.16%.The investment community will be closely monitoring the performa ...
Sony (SONY) Increases Yet Falls Behind Market: What Investors Need to Know
ZACKS· 2024-07-13 07:06
The latest trading session saw Sony (SONY) ending at $96.07, denoting a +0.46% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.55%. Elsewhere, the Dow saw an upswing of 0.62%, while the tech-heavy Nasdaq appreciated by 0.63%.The electronics and media company's stock has climbed by 13.71% in the past month, exceeding the Consumer Discretionary sector's loss of 0.99% and the S&P 500's gain of 4.28%.Analysts and investors alike will be keeping a close eye on ...
Sony (SONY) Surpasses Market Returns: Some Facts Worth Knowing
ZACKS· 2024-06-28 07:06
Sony (SONY) ended the recent trading session at $84.28, demonstrating a +1.71% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily gain of 0.09%. At the same time, the Dow added 0.09%, and the tech-heavy Nasdaq gained 0.3%. Shares of the electronics and media company have appreciated by 5.62% over the course of the past month, outperforming the Consumer Discretionary sector's gain of 2.11% and the S&P 500's gain of 3.38%. The investment community will be closel ...