Update: Sony Group Fiscal Q2 Earnings, Sales Rise; Annual Revenue Outlook Upgraded -- Shares Up Pre-Bell

MT Newswires Live
Yesterday

(Updates to include share repurchase details in the sixth paragraph and the latest stock move in the seventh paragraph.)

Sony Group (SONY) reported fiscal Q2 earnings Tuesday of 51.71 Japanese yen ($0.34) per diluted share, up from 48.04 yen a year earlier.

Analysts polled by FactSet expected 49.04 yen.

Sales for the quarter ended Sept. 30 were 3.108 trillion yen, compared with 2.971 trillion yen a year earlier.

Analysts polled by FactSet expected 3.017 trillion yen.

The company said it now expects fiscal 2025 sales of 12 trillion yen, up from its previous outlook of 11.700 trillion yen. Analysts polled by FactSet expect 12.087 trillion yen.

Sony also said it has approved a 100-billion-yen stock buyback program, effective through May 14.

The company's shares were up 4.8% in recent premarket activity.

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