Sony Corp. (SNE – Analyst Report) reported second-quarter fiscal 2015 GAAP earnings per share of ¥26.10 (22 cents), compared with GAAP loss per share of ¥124.32 in the prior-year quarter.

Sony Corporation Adrs (SNE – Analyst Report) Recent Quarterly Reported EPS | FindTheCompany

Robust results were primarily attributable to improved operational performance across the major segments. Especially, high gain from sales of image sensors units remains the winner.

Inside the Headlines

For the quarter, Sony’s sales and operating revenue dipped 0.5% year over year to ¥1,892.7 billion ($15,773 million). On the other hand, net sales rose 3.6% year over year to ¥1,663.6 billion ($13,864 million).

While decrease in Mobile Communications and Financial Services segments revenues were the headwinds, rise in sales from Game & Network Services segment and positive foreign currency impact acted as the tailwinds.

Additionally, operating income improved to ¥88.0 billion ($733 million) from operating loss of ¥85.6 billion.

During the quarter, Sony penned a deal with JP Morgan Securities Japan Co., Ltd. – a subsidiary of JPMorgan Chase & Co. (JPM – Analyst Report) – to sell about 17.2 million shares of Olympus Corporation.

Also, Sony unveiled a new line of high-resolution audio and mobile devices. This includes a new range of headphones called “h.ear’ and Hi-Res audio products; the NW-ZX100HN Walkman; new line of Xperia Smartphones and headsets; upgraded Cyber-shot camera range; and a brand new elegant range of 4K BRAVIA TVs.

Segmental Revenues

Sales and operating revenue of the Game & Network Services segment increased 16.5% year over year to ¥360.7 billion ($3,006 million) mainly aided by robust sales of PlayStation 4 software and its peripheral device units along with favorable foreign exchange rates impact. However, drop in PS3 software sales was the headwind.