Sony (SNE) more than doubled its full year net income expectations to 73 billion yen while also forecasting operating income of $2.6 billion, 19% higher than its previous guidance.
This would be the second consecutive year the company's operating income topped $2 billion, the longest streak it has had since 2001.
The company credited strong performances across its business sectors and cost savings at its insurance unit as the reason for the more bullish outlook. Sony plans to release its full earnings report on April 28.
Sony shares were up nearly 4% premarket Friday.
(What will move markets this quarter and how should investors position themselves ahead of time? Jim Cramer sat down with four of TheStreet's top columnists recently to get their views. Click here to listen to his latest Trading Strategies roundtable with them and read their advice for stocks, bonds, forex and gold.)