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Sony Boosts Outlook as PlayStation Heads for Record Year

  • Company raises forecasts for second-straight quarter
  • Games business helping to offset weaker chip-division profit
Sony Corp. Event Ahead Of 2017 E3 Electronic Entertainment Expo
Photographer: Patrick T. Fallon/Bloomberg
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Sony Corp. upgraded its earnings outlook for a second straight quarter, thanks to a plethora of hit video-game titles that are boosting the PlayStation business.

Operating profit for the current fiscal year through March will be 870 billion yen ($7.72 billion), up from the prior forecast of 670 billion yen, the Tokyo-based company said in a statement Tuesday. Revenue will be 8.7 trillion yen, compared with the previous outlook for 8.6 trillion yen issued in July.