Sony’s Image Sensor Business Sparkles in the Third Quarter
Sony (NYSE: SNE) recently posted its third-quarter earnings report. The Japanese conglomerate's revenue grew 3% annually to 2.46 trillion yen ($22.6 billion), while its adjusted net income rose 37% to 58.3 billion yen ($530 million).
Its GAAP net income -- which factors in the consolidation of EMI Music, the public listing of SRE Holdings, the transfer of its shares in NSF Engagement, pension charges, and various tax adjustments -- fell 46% to 229.5 billion yen ($2.1 billion).
Sony's numbers topped estimates on both the top and bottom lines, but does the stock deserve to go higher after rallying more than 50% over the past 12 months? Let's dig deeper into the company's strengths and weaknesses to decide.
Source Fool.com
