Sony (SNE) cuts full year net outlook to a ¥260B ($3.2B) loss, vs. prior forecast of a ¥70B...

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

Sony (SNE) cuts full year net outlook to a ¥260B ($3.2B) loss, vs. prior forecast of a ¥70B profit. The substantial cut stems from a ~¥360B non-cash charge "to establish a valuation allowance against certain deferred tax assets in Japan." Operating profit outlook unchanged at ¥200B.