Sony Gets Some Good News on Earnings

HONG KONG — After a rough few months, Sony got some relief Wednesday as net profit almost doubled analysts’ expectations and the company reduced its loss projections for the year.

Not all the news was good, though. Sony, the Japanese electronics maker and media company, said that it would lay off 2,100 employees in its struggling mobile communications unit by March 31. It also detailed costs relating to a November cyberattack on the company’s film division.

In 2014, Sony sold its computer division and spun off its television group into a separate unit.

The New York Times