Sony FY24 Outlook: Sales Of ¥12.61T (Prior ¥12.31T), Adjusted EBITDA Of ¥1.99T (Prior ¥1.93T), Reiterates Operating Margin Of 10.4%
Portfolio Pulse from Benzinga Newsdesk
Sony has updated its FY24 outlook, projecting sales of ¥12.61 trillion, up from the previous ¥12.31 trillion, and adjusted EBITDA of ¥1.99 trillion, up from ¥1.93 trillion. The company has reiterated its operating margin of 10.4%.
August 07, 2024 | 11:22 am
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Sony has increased its FY24 sales forecast to ¥12.61 trillion from ¥12.31 trillion and adjusted EBITDA to ¥1.99 trillion from ¥1.93 trillion, while maintaining its operating margin at 10.4%.
The increase in sales and adjusted EBITDA forecasts indicates stronger financial performance, which is likely to positively impact Sony's stock price in the short term. The maintained operating margin suggests stable profitability.
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