SON1.BE - SONY CORP.

Berlin - Berlin Delayed price. Currency in EUR
55.04
+1.22 (+2.27%)
At close: 8:08AM CET
Stock chart is not supported by your current browser
Previous close53.82
Open55.04
Bid55.35 x 0
Ask55.87 x 0
Day's range55.04 - 55.04
52-week range37.10 - 55.50
Volume109
Avg. volume4
Market capN/A
Beta (3Y monthly)N/A
PE ratio (TTM)N/A
EPS (TTM)N/A
Earnings dateN/A
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target estN/A
  • Sony in record second-quarter profit, image sensor demand offsets slide in gaming earnings
    Reuters

    Sony in record second-quarter profit, image sensor demand offsets slide in gaming earnings

    Sony Corp <6758.T> on Wednesday said operating profit jumped 16% in its strongest-ever result for a second quarter, as robust sales of image sensors offset a tumble in earnings from its gaming division. The results, which beat estimates, prompted the Japanese entertainment and electronics firm, to lift its full-year profit outlook although that still fell short of record levels attained last year. Demand for smartphone image sensors has grown as phone manufacturers introduce multiple-lens camera systems for high-end models - a key differentiator as improvements in other phone functions and features have slowed.

  • Sony in record second quarter profit, image sensor demand offsets slide in gaming earnings
    Reuters

    Sony in record second quarter profit, image sensor demand offsets slide in gaming earnings

    Sony Corp on Wednesday said operating profit jumped 16% in its strongest-ever result for a second quarter, as robust sales of image sensors offset a tumble in earnings from its gaming division. The results, which beat estimates, prompted the Japanese entertainment and electronics firm, to lift its full-year profit outlook although that still fell short of record levels attained last year. Demand for smartphone image sensors has grown as phone manufacturers introduce multiple-lens camera systems for high-end models - a key differentiator as improvements in other phone functions and features have slowed.

  • Bloomberg

    Loeb’s Third Point Sees $1.1 Billion Upside at EssilorLuxottica

    (Bloomberg) -- Third Point confirmed it holds a stake in Ray-Ban maker EssilorLuxottica SA Thursday and said it was disappointed that Sony Corp. has snubbed its suggestions to break up.The New York hedge fund run by Dan Loeb purchased a $700 million stake in EssilorLuxottica in early 2019 and said it sees considerable growth potential in the world’s largest eye-care company, according to its third-quarter investor letter."EssilorLuxottica has many of the key characteristics we look for in an investment: compelling end-market growth in a defensive category, strong market share, high returns on invested capital, potential for incremental capital deployment, and competitive moats created by brands and technology," it said.The merger that created the company last year -- France’s Essilor International SA’s pairing with Italian counterpart Luxottica Group SpA -- has the potential to create more than 1 billion euros ($1.1 billion) in profit, Third Point said.The company has been plagued by a power struggle since the deal was announced in 2017. Under the terms of the merger, both companies would have equal representation on the board until its 2021 annual general meeting.“A deadlocked board and management team has slowed integration and strategic decision making,” Third Point said. “Despite its many advantages, EssilorLuxottica is losing favor among shareholders who are frustrated by the lack of synergy realization.”A fragmented market combined with EssilorLuxottica’s clean balance sheet opens the opportunity for further consolidation, Third Point said. But it plans to push the company to resolve its governance issues, as first reported by Bloomberg News last month.Sony ReviewThird Point said it was disappointed with the outcome of Sony’s review of operations in September, which it undertook after the firm disclosed a $1.5 billion stake in the Japanese technology giant.Loeb had pushed Sony to spin off its semiconductor unit, sell its insurance operation and focus on its main entertainment business. Chips are key to growth and the insurance business will enhance the company’s value, Sony Chief Executive Officer Kenichiro Yoshida said in a letter filed to the Tokyo stock exchange last month.“Sony revealed that the review’s conclusion was to maintain the status quo with no concrete proposals to improve the business,” Third Point said. “It is difficult for us to imagine that a company of Sony’s size and complexity could not find a single concrete action to improve its business and valuation.”Third Point said it plans to continue to talk with management constructively about ways to improve value.Argentina BondsThird Point’s Offshore Fund fund lost 0.2% on its investments in the third quarter, primarily from a bet on sovereign bonds in Argentina. While Third Point expected President Mauricio Macri to lose in primary elections in August, it hadn’t anticipated the size of his loss.The results spurred an unprecedented slide in Argentinian bonds and other assets.Despite the difficulties, Third Point said it had returned 12.7% in in the quarter, buoyed by investments in Baxter International Inc., Nestlé SA, Sony, Campbell Soup Co., Sotheby’s, United Technologies Corp. and a distressed-credit position in PG&E Corp.To contact the reporter on this story: Scott Deveau in New York at sdeveau2@bloomberg.netTo contact the editors responsible for this story: Liana Baker at lbaker75@bloomberg.net, Matthew MonksFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Is Sony a Solid Bet in an Uncertain Economy?
    Market Realist

    Is Sony a Solid Bet in an Uncertain Economy?

    Sony (SNE) has long had a reputation for being a formidable global brand. Amid current market uncertainty, is its stock promising?

  • PlayStation 5: Will Sony Uphold Its Gaming Legacy?
    Market Realist

    PlayStation 5: Will Sony Uphold Its Gaming Legacy?

    The 2020 holiday season will mark the onset of the next generation of console wars. According to Sony, that's when it will launch the PlayStation 5.

  • Sony Slashes Prices, Gears Up for Cloud Gaming War
    Market Realist

    Sony Slashes Prices, Gears Up for Cloud Gaming War

    The cloud gaming war is imminent, and Sony is making its final moves in preparation. It's slashed the price of its Playstation Now subscription by half.

  • Sony rejects Loeb's proposal for chip business spin-off
    Reuters

    Sony rejects Loeb's proposal for chip business spin-off

    Sony Corp said on Tuesday it was rejecting a call by Daniel Loeb's activist hedge fund Third Point LLC to spin-off its chips business, saying that the business is "a crucial growth driver" for the Japanese company. The rejection comes just weeks after Sony sold its 5% stake in Olympus Corp back to the Japanese medical equipment maker, a move also called for by Loeb, one of the world's highest-profile activist investors. Sony said staying within the group would help the chips business enhance its competitiveness as it aimed to combine sensors with artificial intelligence for use in autonomous driving, games and advanced medicine.

  • New IBM mainframe can process 1 trillion web transactions a day
    Yahoo Finance

    New IBM mainframe can process 1 trillion web transactions a day

    IBM is out with its newest mainframe - z15. Yahoo Finance sat down with Tom Rosamilia, the Senior Vice President of IBM Systems and Chairman of IBM North America to hear how it'll change the industry.

  • Sony's Xperia 5 Targets Gaming Phone Market to Revive Growth
    Motley Fool

    Sony's Xperia 5 Targets Gaming Phone Market to Revive Growth

    But the new premium Android phone is really just a remix of some old ideas in a pricey new device.

  • 3 Top Tech Stocks to Buy in September
    Motley Fool

    3 Top Tech Stocks to Buy in September

    Microsoft, Nintendo, and Sony can juice your returns over the next decade.

  • How Will Tariffs Affect the Next Generation of Video Game Consoles?
    Motley Fool

    How Will Tariffs Affect the Next Generation of Video Game Consoles?

    The trade war is bad news for the video game giants.

  • Sony in $760 million Olympus stake sale after investor Loeb's prodding
    Reuters

    Sony in $760 million Olympus stake sale after investor Loeb's prodding

    Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen (£621.3 million), a move that Daniel Loeb's activist hedge fund Third Point LLC had called for. This is the first strategic move Sony has made that is in line with U.S.-based Third Point's proposals since Loeb, one of the world's highest-profile activist investors, revealed earlier this year he was building a stake again in the company. A Sony spokeswoman said the sale was not in response to demand by specific shareholders, adding that the company is still reviewing Third Point's proposals.

  • Better Buy: Sony Corp vs. Lenovo Group Ltd
    Motley Fool

    Better Buy: Sony Corp vs. Lenovo Group Ltd

    Is Japan's leading consumer electronics and gaming console company a better investment than China's leading PC maker?

  • Sony's new a6600 flagship APS-C camera adds stabilization and over 2x better battery life
    TechCrunch

    Sony's new a6600 flagship APS-C camera adds stabilization and over 2x better battery life

    Sony announced two new APS-C mirrorless interchangeable lens cameras at a special event in New York today, and the announcements are big news for anyone who's looking for a small, capable camera that can handle everything from sport shooting to vlogging. The new a6600 flagship takes everything that is great about the a6400 it introduced earlier this year and adds a big battery boost, in-body stabilization, a headphone jack and real-time eye autofocus for video. None of that is in any way a criticism, however -- these were all excellent specs when they debuted on the a6400 earlier this year, and they'll serve a6600 owners just as well.

  • Nintendo's Switch Lite is a Gameboy for a new generation
    Yahoo Finance

    Nintendo's Switch Lite is a Gameboy for a new generation

    The Nintendo Switch Lite is a smaller, less expensive version of the Nintendo Switch.

  • What You Need to Know About Investing in Virtual Reality Technology
    Motley Fool

    What You Need to Know About Investing in Virtual Reality Technology

    VR is a young, growing industry, and a few companies dominate the market -- so far.

  • A Tangled Contractual Web: Why Sony's Spider-Man Is Leaving the Marvel Cinematic Universe
    Motley Fool

    A Tangled Contractual Web: Why Sony's Spider-Man Is Leaving the Marvel Cinematic Universe

    Fans are disappointed by Spidey's departure from Disney's MCU, but it looks like a smart move for Sony.

  • GameStop Jumps After Reports ‘Big Short's’ Burry is Long
    Investing.com

    GameStop Jumps After Reports ‘Big Short's’ Burry is Long

    Investing.com - Shares of GameStop (NYSE:GME) surged in midday trade on Thursday after Barron’s reported that investor Michael Burry is long on the stock.

  • Sony Ends Spider-Man Deal With Disney's Marvel
    Motley Fool

    Sony Ends Spider-Man Deal With Disney's Marvel

    This might go down in history as one of the riskiest moves by a movie studio. Ever.

  • Sony Snubs Activist Investor Loeb
    Bloomberg

    Sony Snubs Activist Investor Loeb

    Sep.17 -- Sony Corp. plans to hold on to its semiconductor and financial services operations, rebuffing a series of proposals from American activist investor Dan Loeb, whose activist fund, Third Point LLC, disclosed a $1.5 billion stake in the Japanese company. Vlad Savov reports on "Bloomberg Daybreak: Asia."

By using Yahoo, you agree that we and our partners can use cookies for purposes such as customising content and advertising. See our Privacy Policy to learn more