Sony Corp SNE reported that it expects sales of 8.5 trillion yen ($104.9 billion) and an operating income margin of more than 5% by fiscal 2015.
Sony also projects sales of ¥6 trillion and an operating income margin of 5% in its electronics business by FY15.
The company announced that it will lower 10,000 jobs, or about 6 percent of its global workforce in fiscal 2012. Sony estimates to take restructuring costs of 75 billion yen this fiscal year.
Sony shares closed at $18.75 yesterday.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in