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Sony outperforms with double-digit profit growth

Investing.com -- Sony Corp (TYO:6758) reported a 10% rise in operating profit for the first quarter, beating analyst estimates driven by growth in the game and network Services (G&NS), music, and imaging and sensing solutions (I&SS) segments. 

Operating profit reached 279 billion yen ($1.9 billion), compared to the 275 billion yen anticipated by analysts. 

Revenue for the quarter was 3.01 trillion yen ($20.5 billion), beating the expected 2.8 trillion yen and marking a 2% increase year-over-year.

The company's first-quarter sales were bolstered by "significant increases" in game and network services, music, and imaging and sensing solutions. 

Gaming revenues, notably from PlayStation consoles, rose 12% to 864.9 billion yen. The music and imaging sensor divisions saw revenue increases of 23% and 21%, respectively. 

The image sensor business, benefiting from favorable foreign exchange rates and higher sales, saw profits jump to 36.6 billion yen.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.