Sony (SONY, Financial) experienced a notable pre-market increase of 7.39% in its stock price, reaching $19.62. The company released its financial results for the second quarter ending September 30, showing impressive growth.
Sony's revenue amounted to 2.9056 trillion yen, reflecting a 3% increase compared to the same period last year. Operating profit jumped significantly by 73% to 455.1 billion yen, surpassing market expectations. Net profit also grew by 69%, reaching 338.5 billion yen.
The company's Game and Network Services segment reported sales of 1.0715 trillion yen ($7.01 billion), marking a 12% year-over-year increase. Additionally, the operating income for this segment soared 2.8 times to 138.8 billion yen ($908 million).
