Sony discloses €252m losses for quarter

Sony is reporting a 27 billion yen (€252m) loss for the latest quarter, battered by a strong yen and poor sales of flat-panel TVs.

The Japanese electronics and entertainment company lowered its full-year earnings forecast today.

It now expects to stay in the red for the fiscal year until March 2012.

Sony Corp had earlier said it would return to profit, recovering from losses the previous fiscal year.