Sony profits rise
 

Record earnings after restructuring

Sony shares soared to a nine year high after it forecast record earnings.

Sony has streamlined unprofitable electronics businesses and capitalised on the spread of smartphones with its image sensors. Now citing robust sales of image sensors as well as high-end TVs, Sony hiked its full-year operating profit outlook to $5.5 billion, up 26 percent from an earlier forecast and 7.5 percent higher than an average analyst estimate.

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