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Sony Corp. Lowers Profit Expectations

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Sony Corp. Lowers Profit Expectations

Business

Sony Corp. Lowers Profit Expectations

Sony Corp. Lowers Profit Expectations

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  • <iframe src="https://www.npr.org/player/embed/136669773/136669749" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Sony says it expects to make a profit of about $975 million in the coming year. That's lower than what Wall Street analysts had predicted. Sony is struggling to contain the damage to its business from the March earthquake in Japan. And there was also a series of security breaches including the one that forced Sony to close its PlayStation video game network for nearly a month.

MARY LOUISE KELLY, host:

NPR's business news starts with Sony's profits.

(Soundbite of music)

KELLY: Sony says it expects to make a profit of about $975 million in the coming year. That's lower than Wall Street analysts expected. Sony is struggling to contain the damage to its business from the March earthquake in Japan. And there was also a series of security breaches, including the one that forced Sony to close its PlayStation video game network for nearly a month.

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