Sony Group Expects FY23 Sales of $87.32B (Prior $90.37B) Vs. $82.8B Est and Net Income of $6.20B (Prior $6.37B)
Portfolio Pulse from Benzinga Newsdesk
Sony Group Corp has revised its FY23 sales forecast to $87.32B, down from the previous estimate of $90.37B, but still above the estimated $82.8B. The company also expects an EPS of $6.20, down from $6.37 but higher than the estimated $5.08.
November 09, 2023 | 7:27 am
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NEUTRAL IMPACT
Sony's revised FY23 sales and EPS forecasts are lower than previous estimates but still above market expectations. This could have a mixed impact on the stock.
Sony's revised sales and EPS forecasts for FY23 are lower than their previous estimates, indicating potential challenges. However, these figures are still above market expectations, which could be seen positively by investors. The net impact on the stock is uncertain and could be mixed.
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IMPORTANCE 80
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