Sony shares advance after third-quarter earnings exceed analyst estimates

Bloomberg | February 4, 2011 | Mariko Yasu

Sony Corp. rose the most in more than a week in Tokyo trading after Japan’s largest exporter of electronics reported third-quarter profit that exceeded analyst estimates.

The stock climbed 1.8 percent to close at 2,919 yen on the Tokyo Stock Exchange, the biggest gain since Jan. 25. The Nikkei 225 Stock Average advanced 1.1 percent.

The company yesterday reported net income of 72.3 billion yen ($886 million) in the quarter ended Dec. 31, beating the 65.9 billion yen average of six analyst estimates compiled by Bloomberg.

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