Sony Group Q1 EPS $1.21 Beats $0.96 Estimate, Sales $20.50B Beat $18.11B Estimate
Portfolio Pulse from Benzinga Newsdesk
Sony Group reported Q1 earnings of $1.21 per share, beating the analyst consensus estimate of $0.96 by 26.04%. However, this is a 10.37% decrease from the same period last year. The company also reported quarterly sales of $20.50 billion, beating the analyst consensus estimate of $18.11 billion by 13.20%, and marking a 14.87% increase from the same period last year.
August 09, 2023 | 7:10 am
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POSITIVE IMPACT
Sony's Q1 earnings and sales beat analyst estimates, despite a YoY decrease in earnings. This could potentially have a positive impact on the stock.
Sony's Q1 earnings beat analyst estimates, which is generally a positive signal for the stock. However, the YoY decrease in earnings might temper investor enthusiasm. The increase in sales YoY and beating sales estimates could offset this and lead to a positive impact on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100