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Sony reports 18% jump in first-quarter profit on strong image sensor business

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Sony reports 18% jump in first-quarter profit on strong image sensor business
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TOKYO (Reuters) – Japan’s Sony Corp <6758.T> on Tuesday reported an 18.4% increase in first-quarter operating profit, beating market expectations thanks to a strong performance in the image sensor business.

The electronics firm posted an operating profit of 230.9 billion yen (£1.7 billion) for the April-June quarter, up from 195.01 billion yen a year prior.

That was above a consensus estimate of 173.61 billion yen from 8 analysts polled by Refinitiv.

(Reporting by Makiko Yamazaki; Editing by Stephen Coates)

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