Revenue Slips at Sony

Revenue and operating income slumped at Sony (SNE Quote) in its fiscal third quarter, as sagging sales of its PlayStation 2 and other electronics products weighed on results. But the electronics giant posted an improved bottom line, thanks to an accounting change.

Investors largely shrugged off the report, which came long before the opening bell on the New York Stock Exchange. In recent trading, Sony ADR's were off 22 cents, or 0.6%, to $36.72.

The declines in the company's results were largely expected. Last week, the company lowered its outlook on its full-year revenue and operating income, warning of falling prices on portable audio products, DVD recorders, televisions and other products. ...