Sony Increases Sales but Misses Revenue Estimate
Sony (NYS: SNE) reported earnings on Nov. 1. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Sep. 30 (Q2), Sony missed estimates on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded slightly and GAAP loss per share contracted.
Gross margins dropped, operating margins expanded, net margins expanded.
Sony booked revenue of $20.60 billion. The six analysts polled by S&P Capital IQ anticipated revenue of $21.25 billion on the same basis. GAAP reported sales were 0.9% higher than the prior-year quarter's $20.43 billion.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.20. The one earnings estimate compiled by S&P Capital IQ predicted $0.21 per share. GAAP EPS were -$0.20 for Q2 compared to -$0.35 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.5%, 130 basis points worse than the prior-year quarter. Operating margin was 2.1%, 30 basis points better than the prior-year quarter. Net margin was -1.0%, 70 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $24.80 billion. On the bottom line, the average EPS estimate is $0.67.
Next year's average estimate for revenue is $83.77 billion. The average EPS estimate is $0.08.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 1,197 members out of 1,692 rating the stock outperform, and 495 members rating it underperform. Among 369 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 224 give Sony a green thumbs-up, and 145 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 $12.69.
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The article Sony Increases Sales but Misses Revenue Estimate originally appeared on Fool.com.Seth Jayson had 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.
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