Sony shares plunge 12% on ballooning loss forecast
Sony shares plunged 12 percent in Tokyo on Thursday after the electronics giant warned of a $2.14 billion annual loss, more than four times its earlier forecast, and dealing a blow to its attempts to turn years of torpor.
Sep 18, 2014, 10:26 AM ISTSony warns of $2.14 bn annual loss, over four times forecast
Sony on Wednesday inflated its annual loss forecast more than four-fold to $2.14 billion, saying it would book a huge charge tied to its mobile phone business.
Sep 17, 2014, 12:49 PM IST