Sony Q1 profit plummets 77% despite $19.2 billion in sales

. Sony (SNE) on Thursday reported its results for the first fiscal quarter of 2012. The struggling Japan-based consumer electronics giant posted $79 million in operating profit for its June quarter, down 77% from the same quarter one year earlier. Analysts were expecting nearly triple the income Sony reported, and shares of the company's stock were off more than 3% in pre-market trading. Revenue grew 1.4% in the first quarter to $19.2 billion while the company's net loss attributable to stockholders worsened to -$0.31 per share.

Boy Genius Report , Sony Q1 profit plummets 77% despite $19.2 billion in sales, Sony Q1 profit plummets 77% despite $19.2 billion in sales