posted a fiscal first-quarter loss of 15.5 billion yen ($199.6 million), a reversal from year-earlier net income of 25.7 billion yen as the earthquake and tsunami in Japan in March disrupted production.
Sony said its forecast for full-year operating income of 200 billion yen remained unchanged.
"Despite lower projected annual LCD television unit sales compared to the May forecast and further unfavorable foreign exchange rates anticipated for the remainder of the fiscal year contributing to a lower consolidated sales forecast, the consolidated operating income forecast for the current fiscal year remains unchanged because the performance of most businesses is anticipated to exceed the May forecast." Sony said in a statement Thursday.
Sony cut its full-year outlook for LCD TV sales to 22 million sets from 27 million.
The company lowered its profit forecast for the fiscal year ending in March 2012 to 60 billion yen from a forecast of 80 billion yen it provided in May.
-- Written by Joseph Woelfel
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