SONY CORP. ADRs $26

SONY CORP. ADRs $26 (New York symbol SNE; Conservative Growth Portfolio, Manufacturing & Industry sector; ADRs outstanding: 1.3 billion; Market cap: $33.8 billion; Price-to-sales ratio: 0.4; Dividend yield 0.3%; TSINetwork Rating: Average; www.sony.com) has also had to shut down two plants in Japan due to earthquake damage. These facilities make image sensors for smartphones. The company has also warned that slowing demand for high-end smartphones has hurt sales of these sensors. In addition, negative interest rates in Japan are hurting earnings at Sony’s banking and insurance operations. The company has now cut its operating profit forecast for the fiscal year ended March 31, 2016, by about 9% to $2.6 billion. Sony is a hold.

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