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.
Analyst Michael Walkley's forecast is up from a prior estimate of 171 million. He cited two reasons for his rosier outlook.
Consumer spending online was up 14 percent over last year but relatively flat compared with expected growth rates that were in excess of 16 percent, ComScore concludes.
The company will discuss its quarterly financial performance later this month, as part of a scheduled earnings release and conference call.
The company was able to sidestep the taxes by awarding stock awards to employees, according to a report.
Revenue in Barnes & Noble's Nook division hit $316 million, down 26 percent compared to the prior year, as the unit's losses balloon to $190.4 million.
The president answers a few (carefully selected) questions during the digital session. No word on whether the political opposition is moved to change its position.
CEO John Chambers asserts its mobility and cloud strategies must be working based on positive financials, which beat Wall Street estimates.
Despite declining sales, the electronics giant says its losses slimmed during its second quarter with sales boosted in part by its still-new mobile division.