The results were better-than-expected because of cost cuts, an easing of the yen's appreciation and gains on the Tokyo stock market, according to Sony, which has music and movie divisions as well as making the Walkman portable music player and flat panel TVs. Analysts surveyed by Thomson Reuters were forecasting a 109 billion yen loss.
Sony posts $391 million loss
Posted on Thursday, July 30 2009 @ 18:35 CEST by Thomas De Maesschalck