Sony raises profit forecast after earnings beat, boosted by Music and Imaging divisions

Sony Group

on Tuesday reported an increase in its second-quarter operating profit that beat expectations, while announcing a share buyback of up to 100 billion Japanese yen ($648 million).

Here are Sony’s second-quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate:

Sony’s operating profit jumped 10% compared to the same period last year, while revenues were up 5%

The Japanese technology giant said it now expects operating profit for its fiscal year to increase by 100 billion yen, or 8% above its previous forecast, driven by gains from its Imaging & Sensing Solutions and Music segments. The company also raised its annual revenue outlook by 300 billion yen, or 3%.