Shares of Sony Group Corporation climbed over 10% during Friday’s trading session after the Japanese multinational conglomerate raised its sales outlook for full year 2024.
The company reported a 69% increase in net income and 3% uptick in revenue during its second quarter of 2024, with weaker results at Sony Pictures Entertainment offset by growth in its Games and Networks business.
Sony anticipates 12.71 trillion yen ($83.23 billion) in sales for the year, up from its previous guidance of 12.6 trillion yen ($82.5 billion), while its forecasts for operating income and net income remain unchanged at 1.31 trillion yen ($8.58