Monday, May 23, 2011

Sony dips after warning of 3rd straight net loss

May 24 (Reuters) - Shares in Sony Corp dipped in early trade on Tuesday but quickly recovered to rise more than 1 percent to 2,238 yen, after warning the previous day it would post a third straight annual net loss.

It estimated a loss for the year ended March 31 of 260 billion yen ($3.2 billion), which compares with the company's previous forecast of a 70 billion yen profit. [ID:nLDE74M16Q]

Sony is set to announce its results on Thursday. ($1 = 81.955 Japanese Yen) (Reporting by Isabel Reynolds)

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