Sony (SNE) has doubled its FY 2013 net profit estimate to ¥40B ($400M) from prior guidance of...

|About: Sony Corporation (SNE)|By:, SA News Editor

Sony (SNE) has doubled its FY 2013 net profit estimate to ¥40B ($400M) from prior guidance of ¥20B, due to the weaker yen and asset sales, and after the improving stock market boosted earnings at the company's life insurance operations. Sony also increased its estimate for operating profit to ¥230B from ¥130B and for sales to ¥6.8T from ¥6.6T. Shares +3.1% premarket.