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Not a great quarter for Sony

Nov. 01, 2016 5:07 AM ETSony Group Corporation (SONY) StockSONYBy: Yoel Minkoff, SA News Editor6 Comments
  • Net income plunged 86% to ¥4.8B ($45.8M) from ¥33.6B in the same period last year, as the Japanese electronics giant got whacked by a stronger yen, costs from the sale of its battery business and softness in areas like games and semiconductors.
  • Sony (NYSE:SNE) cash-cow imaging sensor business also took a ¥1.2B hit due to damage from the Kumamoto earthquakes that closed down one of its factories.
  • SNE -0.3% premarket

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