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

Sony (SNE) reported earnings on Tue 30 Oct 2018 (b/o)

** charts before earnings **

** charts after earnings **

Sony beats by JPY32.24, beats on revs; guides FY19 revs in-line; raises net income outlook 

• Reports Q2 (Sep) earnings of JPY136.38 per share, JPY32.24 better than the S&P Capital IQ Consensus of JPY104.14; revenues rose 5.8% year/year to JPY2182.76 bln vs the JPY2138.85 bln S&P Capital IQ Consensus.
• Co issues in-line guidance for FY19, sees FY19 revs of JPY8.7 trln vs. JPY8773.46 bln S&P Capital IQ Consensus.
  • Co also raises Net income outlook to JPY705 bln, up from JPY500 bln prior.

Earnings this week : Oct 29 - Nov 2, 18 (wk 44)

Headlining earnings this week will be Facebook (FB) on Tuesday and Apple (AAPL) on Thursday. Other notable earnings reports include General Electric (GE), Pfizer (PFE), and Coca-Cola (KO) on Tuesday, General Motors (GM) on Wednesday, Starbucks (SBUX) on Thursday, and Alibaba (BABA) on Friday.

Monday (Oct 29) 

• Morning: FDC YNDX BAH ON AMG CDAY RAMP WFT
• Afternoon:   AEIS AKAM ALSN AMED AMKR APPF APTI ARE AVB AXGN BLKB BRX CACC CBL CGNX CHE CHGG CLR CYH EFII EGHT EHC ELVT EPR ESV FCPT FET FTSI HIIQ HLIT HTLF INST KAI KBR KLAC KNL MDLZ MEDP NLS OFIX OGS OLN PI QGEN QTNA QTS RE RIG RMBS SANM SCI SSD TCO TKR TNET TREX TXRH UDR VNO VNOM VRNS WCN WING

Tuesday (Oct 30)

• Morning:  CHK + ACCO AER AET AGCO AGN AMRC AMT AN AOS ARII ARNC ARRY AWI BHGE BKI BP BPMC BTU CEQP CIGI CMCO CMI CNX CNXM CTSH CVLT EAT ECL ERJ ETN EXP FCAU FDP FIS FLIR FLOW FMS FUN GE GPN GWR HCA HEP HMC HUN HZO I INCY IPGP IPI KEM KO LL LYB MA MAS MSM NEO NTLA OXSQ PEG PFE SABR SHOO SNE SQNS SSTK ST TECH TPR TRS UAA VMC VNTR VSH WAB WCG WDR WELL WH WLH XYL
• Afternoon: ACGL AEGN AFG AINV AMGN APAM APC BAND BEAT BGS BHE BIDU BJRI BXP CAI CAKE CHRW CLVS CONE CRAY CW CXO DDD DENN EA EBAY EIX EVTC EXAS EXR FB FEYE FLT GNW H HABT HCLP HLF HURN HVT HY INN IQ IRTC LNTH MDR MGM MGRC MOBL MOD MRCY MX MXIM MXL NANO NBR NCR NGHC NTRI NUVA NXGN OI OKE ORBC OSPN PAYC PDM PSA QLYS QNST QUAD RBBN REXR RNR RPAI RRD RXN SF SFLY SIMO SKYW SPWR SSW TCS TENB TMUS TTMI TX ULTI VOYA VRSK WES WGP WIRE WLL WNC XLRN YUMC ZEN

Wednesday (Oct 31)

• Morning: ACOR ADP AEE AIT ANTM APO APTV ARCC AUO BAX BCOR BDC BG CAMT CBZ CDW CG CIM CLH CLX CRTO CVE DBD DIN EGL EL EPD ETR GM GNC GRMN HCP HES HFC HSC IART ICE ICPT IGT K KFRC LFUS LIVN MAXR NEWM OMI ORBK PBF PBFX RDC RDN S SAIA SC SITE SNY SPAR SPR STNG TAP TEL THR TMHC UTHR WD WEC WEX YUM    
• Afternoon: ADSW AGI AIG ALL AMGP AMN APA AR ATH AWK AXTI BLDP CACI CDE CF CLI CMP CNO CRY ENSG ESRT ESRX FARO FISV FIT FORM FOXF FRAC FRT HBM HCC HGV HPR JBT KIDS KRG KW LHCG LSI MAA MAC MASI MDU MOH MRC MTDR MUSA MYRG NE NEXA NFX NLY NPO NXPI O OMF OTEX PKI PPC PRAH QRVO RGLD RGR RPT RYN SOI SSNC STAY STMP SU THG TS TUSK TYL WHD WMB WPX WTI XPO ZNGA

Thursday (Nov 1)

• Morning: ECA   AAON AAWW ABMD AGIO ALE AMAG AMCX AME AMRN ARES AROC ARW AVP AYR BCE BID BLL BMCH BSIG CBRE CCOI CEIX CHD CHSP CI CJ CNQ CNSL CRAI CWT D DM DNOW DWDP EEX EGRX EPAM EXC EXLS FBM FLWS FND GEL GIL GLOG GLPI GNRC GOLF HBI HPP IBP ICL IDA IDCC IDXX IIVI INAP INGR INXN IPHS IT ITGR JHG LCII LITE LXRX MD MDC MGP MGPI MIXT MMP MPC MPW MSCI MSG MT NBL NI NSP NTCT NVMI NYT OSK PAH PBH PBI PENN PH PPL PRFT PWR RDS.A ROCK SEE SFM SHPG SN SNDR SNR SPOT SSYS STFC STOR TEVA TFX THS TPX TREE TRP TVPT UFS USCR USPH VECO VSAT VSTO W WCC WRLD WYND YRCW ZTS 
• Afternoon: AAPL ACIA ACLS AGI AIRG AIV ALEX AMH ANET AOSL APPN ARCB ATGE ATHN ATR ATRC ATSG BCOV BFAM BIO BL BLDR BNFT BRKR BVX CARB CATM CBPO CBS CC CCRN CECO CERS CHEF CPS CPSI CRC CRUS CTRL CWST CZR DEI DHT EBS ECOL ED EEP EGOV ELGX EOG EQIX ERII ES EXEL FATE FICO FLR FTAI FTNT GPRO GSAT GSBD GTE HR HST HTGC ICFI IMMR IPHI KAMN KHC KTWO KWR LADR LHO LNC LOCO LYV MDRX MELI MET MITK MSI MTX OLED P PACB PBA PBYI PCTY PE PEB PETX PK PMT PODD RMAX ROG RP RTEC RTRX RYI SBUX SEDG SEM SHAK SHLX SKT SM SPXC SRCL SRG STAG SYMC TDC TDOC TEX TNDM TRMB TRQ TSRO TTOO UNIT USX VIAV VICI WIFI WTW WU X Y 

Friday (Nov 2)

• Morning:  ABBV ABR ASIX AXL BABA BPL CBOE CCJ CNK COL CVX DOC DUK EAF ENB EXTR FTS HMSY HRC IMGN IMO ITT MDP MOG.A MSGN NPTN NWL RLGY ROLL RUTH STX TDS TGH TRTN TWI TYPE USM VG VIRT VST WLTW WPC XOM

Sony (SNE) reported earnings on Tue 31 Oct 2017 (b/o)

** before earnings **

** charts after earnings **

 

** 2 days later **

 

Sony beats by JPY52.82, beats on revs; raises FY18 EPS and revs guidance above consensus 

• Reports Q2 (Sep) earnings of JPY103.57 per share, JPY52.82 better than the Capital IQ Consensus of JPY50.75; revenues rose 22.1% year/year to JPY2062.53 bln vs the JPY1873.94 bln Capital IQ Consensus.
• Co issues upside guidancefor FY18, sees EPS of JPY380 vs. JPY248.78 Capital IQ Consensus Estimate; sees FY18 revs of JPY8.5 trln vs. JPY8231.6 bln Capital IQ Consensus Estimate. 

Sony (SNE) reported earnings on Tue 1 Nov 2016 (b/o)

** charts after earnings **

 

Sony misses by JPY10.05, misses on revs; reaffirms FY17 revs guidance :

• Reports Q2 (Sep) earnings of JPY3.84 per share, JPY10.05 worse than the Capital IQ Consensus of JPY13.89; revenues fell 10.8% year/year to JPY1688.9 bln vs the JPY1770.77 bln Capital IQ Consensus.
  • This decrease in revs was mainly due to the impact of foreign exchange rates. On a constant currency basis, sales were essentially flat year-on-year, due to a
    decrease in Mobile Communications segment sales reflecting a significant decrease in smartphone unit sales, substantially offset by an increase in revenues in the Financial Services segment due to an improvement in investment performance in the separate account at Sony Life Insurance Co, as well as an increase in sales in the Pictures segment.
• Co reaffirms guidance for FY17, sees FY17 revs of JPY7.4 trln vs. JPY7630.55 bln Capital IQ Consensus Estimate.
  • Recall, co lowered its FY17 forecast yesterday
  • Related to the planned transfer of its battery business, Sony expects to record an impairment charge of ~JPY33.0 billion as an operating loss in the Components segment and JPY4.5 bln is expected to be recorded in income taxes during the fiscal year ending March 31, 2017 (April 1, 2016 to March 31, 2017). As a result, a loss of ~JPY37.5 billion is expected to be recorded in net income attributable to Sony Corporation's shareholders for the fiscal year ending March 31, 2017.
  • Co lowered FY17 net income of JPY60 bln, down from JPY80 bln prior (per yesterday's release)

Sony (SNE) reported 4Q earnings on Fri 29 Jan 16 (b/o)

** charts before earnings **

 

** charts after earnings **

 

Sony beats by JPY21.64, beats on revs; guides FY16 revs below consensus :

• Reports Q3 (Dec) earnings of JPY95.33 per share, JPY21.64 better than the Capital IQ Consensus of JPY73.69; revenues rose 0.5% year/year to JPY2580.8 bln vs the JPY2523.1 bln Capital IQ Consensus.
• Co issues downside guidance for FY16, sees FY16 revs of JPY7900 bln vs. JPY8122.19 bln Capital IQ Consensus Estimate.

SNE — is it a buy?

• Jan 19:  Is SNE a buy? 

• Next day:

• One week later: