Thursday, January 31, 2008

Sony Beats Estimates, Cuts PS3 Target...

Sony (SNE) reported Q3 EPS of $1.67 vs. consensus estimates of $1.31. Q3 revenue of $25.08B was well ahead of Street consensus of $24.82B. Sony cut its 2007 forecast to 9.5M PlayStation 3 sales from 11M.

Shares are down 1.32 to $46.18

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