Yahoo! News: Internet News: Sony sinks to $199M quarterly loss on disaster (AP)

Yahoo! News: Internet News Internet News

Sony sinks to $199M quarterly loss on disaster (AP) Jul 28th 2011, 06:31 TOKYO – Sony sank to a 15.5 billion yen ($199 million) quarterly loss, hurt by the earthquake and tsunami in northeastern Japan, a massive online security breach and plunging TV prices. Sony Corp. had posted a 25.7 billion yen profit in the April-June period the previous year. The Tokyo-based electronics and entertainment company Thursday lowered its profit forecast for the fiscal year ending March 2012 to 60 billion yen ($769 million) from 80 billion yen ($1 billion) it gave in May.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions