Sony Group Corporation (NYSE: SONY) is considered one of the best foreign stocks to buy. Despite a price target cut by Benchmark analyst Mike Hickey, Sony beat analyst expectations in its Q3 FY2025 earnings report. The company reported a rise in operating profit, net income, and revenue year on year.
Sony’s core segments, including Imaging & Sensing Solutions, Music, and Game & Network Services, performed well in the Q3 FY2025 earnings report. Revenue slightly exceeded forecasts company-wide. The company attributed its earnings beat to growth in software, digital services, and higher image sensor sales.
Sony reported strong earnings for Q3 FY2025, with operating profit up 22% year on year and net income up 11%. The company’s revenue was ¥3.71 trillion, slightly above forecasts. Management raised its revenue and profit guidance for the year, expecting revenue of ¥12.30 trillion and operating profit of ¥1.54 trillion.
Sony Group Corporation (NYSE: SONY) is a Japanese multinational conglomerate with operations in electronics, gaming, entertainment, and financial services. The company’s divisions include consumer electronics, PlayStation gaming consoles, music, film production, and imaging technologies. Despite its potential as an investment, some believe there are AI stocks with greater upside potential and less downside risk.
Read more at Yahoo Finance: Sony Group Corporation (SONY) Strengthens Core Segments Amid Mixed Entertainment Results
