RPT-UPDATE 1-Sony to return to operating profit in Q1-Nikkei

(Repeats to additional subscribers)

* Sony seen making 10-30 billion yen quarterly profit-Nikkei

* Sales of digital cameras, personal computers healthy-Nikkei
(Adds share price, comment from company spokesman)

TOKYO, July 26 (BestGrowthStock) – Sony Corp (6758.T: )(SNE.N: ) will
likely return to profitability in the April-June quarter, beating
market expectations for an operating loss, on solid sales and
cost cuts, the Nikkei business daily reported on Monday.

Sony is expected to post a quarterly operating profit of 10
billion to 30 billion yen ($114 million-$343 million), bouncing
back from an operating loss of 25.7 billion yen in the same
quarter last year, the Nikkei said.

That would beat the consensus of a loss of 18.8 billion yen
from the average estimate of four analysts surveyed by Thomson
Reuters I/B/E/S.

A spokesman for Sony declined to comment on the report.
Shares in the company were up 0.4 percent at 2,522 yen, lagging
the benchmark Nikkei index (.N225: ), which was up 1.3 percent.

Japan’s huge consumer electronics company has enjoyed strong
sales of major products in China and other markets, including new
digital camera models that use interchangeable lenses, video
cameras and personal computers, the Nikkei said.

Liquid crystal display televisions also sold well in both
Japan and overseas markets with smaller-than-expected price
falls, while the game and mobile phone operations returned to
profitability on the back of cost cuts, the newspaper said.

Sony slashed more than 330 billion yen in costs in the
previous business year through labour cuts and factory
consolidation, helping the company absorb the impact of yen
strength versus the euro, the Nikkei said.

Sony is scheduled to announce its April-to-June earnings
after the market close on July 29.

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(Reporting by Nathan Layne; Editing by Jan Paschal and Charlotte
Cooper)

RPT-UPDATE 1-Sony to return to operating profit in Q1-Nikkei