Economy

Sony quarterly operating profit rises 11 pct, beats analyst estimates

Date: Jan 29, 2016

Sony Corp reported an 11percent rise in quarterly operating profit on Friday as strong sales of PlayStation 4 games helped offset a decline in sales of image sensors, which had led the company's turnaround in the previous year.

Sony said October-December operating profit rose to 202.1billion yen ($1.68 billion) from 182.1 billion yen a year prior, beating the average 175 billion yen forecast of 8 analysts according to Thomson Reuters data.

The company maintained its outlook for full-year operating profit to grow to 320 billion yen from 68.5 billion in the previous year.($1 = 120.5500 yen)

--reuters--

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