Sony Corp. shares soared after the company raised its fiscal-year operating profit outlook by 13%, with a surge in video-game demand from home-bound consumers.
The forecast of 700 billion yen ($6.7 billion), up from a previous 620 billion yen, surpassed the average analyst expectation of 658.9 billion yen and precedes the PlayStation 5’s highly anticipated November debut. Sony’s stock climbed as much as 5.8% in Tokyo, their biggest intraday gain since March.
