CORRECTION: 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 has revised its FY23 sales forecast down to $87.32B from $90.37B, which is still higher than the estimated $82.8B. The company also expects a net income of $6.20B, down from the previous $6.37B.
November 09, 2023 | 8:38 am
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Sony Group has lowered its FY23 sales and net income forecasts. However, the revised sales forecast is still above the estimated $82.8B.
Sony Group's downward revision of its FY23 sales and net income forecasts could negatively impact its stock price in the short term. However, the fact that the revised sales forecast is still above the estimated $82.8B may mitigate some of this negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100