Reversing a first-quarter trend of the past several years, Sony Pictures Entertainment has posted an uptick in its first report of fiscal 2019. Unveiling Q1 results in Tokyo on Tuesday, the electro…
Upcoming in the 2nd quarter, Sony will include the bulk ofOnce Upon A Time… In Hollywoodis also on deck in the coming month.flat with what was projected in AprilOverall, Sony saw a 1% year-on-year revenue drop to $17.5B while operating income grew 18% to $2.1B, beating market expectations thanks to a strong performance in the image sensor business while the music division posted $353M in profits. Net income across the company was down 33% to $1.38B.
in mid-June. Loeb, whose Third Point hedge fund has accumulated a $1.5B stake in Sony since first investing in 2013, called the company “one of the most undervalued large cap businesses in the world today” and outlined ideas for how it should be divided and organized.
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