Sony (SNE) reported earnings on Fri 1 Feb 2019 (b/o)

** charts after earnings **

Sony beats by JPY146.83, misses on revs; guides FY19 revs below consensus

• Reports Q3 (Dec) earnings of JPY337.97 per share, JPY146.83 better than the S&P Capital IQ Consensus of JPY191.14; revenues fell 10.1% year/year to JPY2401.8 bln vs the JPY2676.17 bln S&P Capital IQ Consensus.
• Co issues downside guidance for FY19, sees FY19 revs of JPY8,500 bln vs. JPY8795.49 bln S&P Capital IQ Consensus, and down from prior forecast of JPY8,700 bln
  • Co raises FY net income to JPY835 bln, up from prior forecast of JPY705 bln