Japan's Sony Group Corp posted on Wednesday a 32% jump in third-quarter operating profit that smashed analysts' estimates, as earnings at its pictures unit surged on the back of the success of "Spider-Man: No Way Home".
Operating profit was 465.2 billion yen ($4.05 billion) for the three months to Dec. 31. That compared with an estimated average profit of 351.6 billion yen from nine analysts surveyed by Refinitiv.
Sony hiked its full-year profit forecast to 1.2 trillion yen from 1.04 trillion yen. That prediction is higher than an average 1.09 trillion yen profit forecast from 24 analysts, Refinitiv data showed.
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First Published: Feb 02 2022 | 12:56 PM IST