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Sony Needs More Than ‘GTA’ and Spider-Man to Lift Stock Further

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Sony Needs More Than ‘GTA’ and Spider-Man to Lift Stock Further Investors are looking for reassurance on longer term earnings stability from Sony Group Corp. to help extend the nascent rebound in its shares. Sony’s stock has gained about 6% versus a month ago, outperforming the Japanese market on excitement over its near-term profits. Analysts expect boosts from the latest Spider-Man movie in the September quarter, and from holiday season sales for the hotly anticipated Grand Theft Auto VI.

Sony Needs More Than ‘GTA’ and Spider-Man to Lift Stock Further Investors are looking for reassurance on longer term earnings stability from Sony Group Corp. to help extend the nascent rebound in its shares. Sony’s stock has gained about 6% versus a month ago, outperforming the Japanese market on excitement over its near-term profits. Analysts expect boosts from the latest Spider-Man movie in the September quarter, and from holiday season sales for the hotly anticipated Grand Theft Auto VI.
Sony (ORG) Spider-Man to (PERSON) Sony Group Corp. (ORG) Japanese (ORG) Grand Theft Auto VI (ORG)
Originally published by Bloomberg Markets Read original →