Sony Misses on the Top and Bottom Lines

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Sony (NYS: SNE) reported earnings on Thursday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended June 30 (Q1), Sony missed estimates on revenues and missed expectations on earnings per share.

Compared to the prior-year quarter, revenue grew slightly and GAAP loss per share expanded.


Margins dropped across the board.

Revenue details
Sony recorded revenue of $18.96 billion. The six analysts polled by S&P Capital IQ hoped for net sales of $19.86 billion on the same basis. GAAP reported sales were 2.3% higher than the prior-year quarter's $18.54 billion.

Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
EPS came in at -$0.31. The one earnings estimate compiled by S&P Capital IQ predicted $0.22 per share. GAAP EPS were -$0.31 for Q1 compared to -$0.19 per share for the prior-year quarter.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 22.6%, 80 basis points worse than the prior-year quarter. Operating margin was 0.4%, 160 basis points worse than the prior-year quarter. Net margin was -1.6%, 60 basis points worse than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $21.24 billion. On the bottom line, the average EPS estimate is $0.21.

Next year's average estimate for revenue is $89.20 billion. The average EPS estimate is $0.03.

Investor sentiment
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,203 members rating the stock outperform and 492 members rating it underperform. Among 382 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 231 give Sony a green thumbs-up, and 151 give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Sony is hold, with an average price target of $17.24.

The article Sony Misses on the Top and Bottom Lines originally appeared on Fool.com.

Seth Jaysonhad no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. The Motley Fool is short Sony (ADR) and has the following options: long JAN 2013 $22.00 calls on Sony (ADR). Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2012 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

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