SONY Stock Recent News

Sony's shares were untraded with a glut of buy orders in early trading in Tokyo on Friday after the technology and entertainment conglomerate reported strong results at its games and music divisions.

Shares of Sony (SONY 5.23%) are seeing strong bullish momentum in Thursday's trading. The Japanese tech giant's share price was up 6% as of 12:30 p.m.

SONY's fiscal Q3 performance benefits from strength across G&NS, Music, Pictures and Financial Services units amid softness in the ET&S segment.

Japanese electronics and entertainment company Sony reported a 3% gain in October-December profit Thursday, and raised its full-year forecast.

Sony Group Corporation. (NYSE:SONY ) Q3 2024 Earnings Conference Call February 13, 2025 2:00 AM ET Company Participants Kenichiro Yoshida - Representative Corporate Executive Officer, Chairman and CEO Hiroki Totoki - Representative Corporate Executive Officer, President, COO and CFO Naomi Matsuoka - Senior Vice President in Charge of Corporate Planning and Control Sadahiko Hayakawa - SVP, Finance, IR Kazuhiro Yamada - Sony Financial Group Inc. Corporate Executive Officer and CFO Conference Call Participants Hayato Umegaki - Toyo Keizai Junya Ayada - JPMorgan Chase Yasuo Nakane - Mizuho Securities.

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The December quarter is a key period for Sony, covering the holiday shopping season which is often a lucrative time for consumer electronics firms.

Sony's operating profit rose 22.9% in the first nine months of the financial year ending March, the company reported on Thursday.

Sony (SONY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).

Sony's Q3 performance is likely to have benefited from steady momentum across the G&NS, Music and I&SS units amid weak financial services business.