10 Japan Stocks With Upside: Analysts
7. Sony (SNE) designs, manufactures and sells electronic equipment, instruments and devices for markets worldwide.
Sales for the third quarter of fiscal 2010 stood at $27.2 billion, down 1.4% year-over-year because of fluctuations in foreign exchange rates. However, sales increased in local currency by 6% year-on-year.
Operating income fell marginally to $1.7 billion, as a significant unfavorable foreign exchange impact outweighed positive factors for the quarter. Operating income in the networked products & services segment increased, driven by the game business, whereas operating income decreased in the consumer, professional & devices segment, negatively affected mainly due to LCD televisions.The stock received analysts' buy ratings of 67% and has around 35% upside in the next one year.
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