Business

Sony shares fall 4.8% after weaker-than-expected annual outlook

May 02, 2023 12:44 AM

Sony Group's shares fell as much as 4.8% on Monday after the conglomerate announced its weaker-than-expected annual profit outlook.

The Japanese group has projected a 3.2% profit decline to $8.55 billion, missing an analyst's average estimate, for the current year.


In the year that ended March 2023, Sony posted a record operating profit.

Have something to say? Post your comment