Reuters: Technology News: Sony sees record $6.4 billion net loss, double earlier estimate

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Sony sees record $6.4 billion net loss, double earlier estimate Apr 10th 2012, 06:58 TOKYO | Tue Apr 10, 2012 2:58am EDT TOKYO (Reuters) - Sony Corp. said on Tuesday it will post a record net loss for the year that ended March 31 of 520 billion yen ($6.4 billion), more than double a February forecast as a result of additional tax expenses. The consumer electronics company, said, however, it plans to return to an operating profit this financial year, forecasting a profit of 180 billion yen after an estimated loss of 95 billion yen for the year just ended.

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