Sony shares rally 10% as $1.6 bln buyback offsets weak earnings

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Sony shares rally 10% as $1.6 bln buyback offsets weak earnings

) rose sharply on Wednesday after it announced a massive stock buyback and a stock split, which offset weak annual earnings and middling guidance.

Sony said it will buy back 250 billion yen worth of shares, and also conduct a five-for-one stock split. But Sony’s earnings were also hit by growing weakness in the gaming sector, amid a broader decline in the industry. Videogames make up about a quarter of Sony’s overall revenue, with the Playstation 5 now expected to see sluggish sales as it enters its fourth year of production.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.
Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 450. in BR

Brasil Últimas Notícias, Brasil Manchetes