Sony's earnings beat estimates for 4th quarter

Article Abstract:

Sony Corp. reported profits that were higher-than-expected for the 1999 fourth-quarter. The company posted a 17% drop in net income to 94 billion yen (885.8 million euros) for the period.

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Sharp Tries To Spark Growth In Flat TV Sets

Article Abstract:

Japan's Sharp Corp. will expand its production of liquid crystal display television operations. The strategy, which will capitalize on growing demand for flat-panel television sets, involves a 40% expansion of LCD units.

New capacity, new plant construction, Household audio and video equipment, Television Sets, Televisions, Television equipment industry, Sharp Corp. (Japan)

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Sony's income plummets 55% amid rising yen

Article Abstract:

Sony Corp. posted a decline of 55% in its profits for the quarter between April and June 1999. The company was hurt by strengthening of the Japanese yen and by tighter electronic product margins. Sony posted 18.4 billion yen (149 million euros) for the quarter. The company also reported a 8.4% decline in sales to 1.48 trillion yen. Sony believes that the higher Japanese yen was the main reason for the company's poor quarterly profits.

Comment:

Posts decline of 55% in profits for quarter between April and June 1999

Abstract

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