But CEO Meg Whitman tells investors the software maker is entering 2015 with the "strongest portfolio" in a decade.
The situation is so bad that Sony is suspending its dividend -- the first time it won't be making a payout since it listed in 1958.
Speaking to reporters, the new Sony TV chief believes that his division can end the fiscal year in the black, despite 10 years of losses.
The company was able to sidestep the taxes by awarding stock awards to employees, according to a report.
CEO John Chambers asserts its mobility and cloud strategies must be working based on positive financials, which beat Wall Street estimates.
Company says it generated revenue of $933 million during the 2012 fiscal year, up from $695 million in the prior year. But other financial details create a shakier image.
LCD TV sales will push Sony's profits to more than $963 million in the fiscal year that ends next March, the company predicts. That stands in stark contrast to the most recent year.
Adobe reports a fourth-quarter net loss of $32.04 million, but says it saw increased consumer demand as it wound down a difficult fiscal year.
Company reports a strong first quarter and raises its earnings projections, but pares its revenue forecast.
The company says that it will cut 15 percent of its staff as it refocuses its business on "premium smartphones, virtual reality, and connected lifestyle products."