Sony sticks to forecast for big losses
Sony Corp. stuck to a forecast for big full year losses, citing falling gadget prices and a shaky global recovery, even as it posted less-dismal-than-expected results for the fiscal first quarter.
Sony Corp. posted a surprise quarterly loss on Wednesday after a weak stock market ate into the value of securities held by its financial arm, but it forecast a bigger-than-expected profit this year as it boosts sales of digital cameras and flat TVs.