Sony profit jumps 22% in December quarter, beating expectations and lifting full-year outlook

Sony

on Thursday reported a rise in operating profit that beat expectations, despite foreign exchange volatility and higher memory costs.

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

Operating profit jumped 22% from a year earlier, rebounding from a year-on-year decline in the previous quarter. Revenue was up a modest 1% over the same period.

The Japanese technology and entertainment giant raised its full-year outlook and now expects operating profit of 1.54 trillion yen, an increase of 110 billion yen, or 8% from its previous forecast.