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U.S. stocks traded higher this morning, with the Nasdaq Composite gaining more than 100 points on Wednesday.
Japanese consumer electronics giant Sony warned on Wednesday that this year's profits won't grow at all because of tariffs.
Sony shares rose about 2% on Wednesday after the company announced a 250 billion yen share buyback and operating income beat estimates.
The Japanese company reported a rise in fourth-quarter net profit thanks partly to higher earnings from its music and movie businesses.
Sony on Wednesday reported operating profit for the year ended March rose 16% to 1.4 trillion yen ($9.51 billion), beating analyst estimates.
Sony's Q4 performance is likely to have benefited from elevated demand across G&NS, Music and Financial Services units amid soft trends in the ET&S business.
Sony (SONY) closed the most recent trading day at $24.70, moving +1.02% from the previous trading session.
Sony Pictures said on Friday it had entered into a multi-year contract extension with its motion picture group's chairman and CEO, Tom Rothman.
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