VRM - Why Sony Shares Are Trading Lower By Around 6%? Here Are Other Stocks Moving In Wednesday's Mid-Day Session | Benzinga
Shares of Sony Group Corporation (NYSE: SONY) fell during Wednesday’s session after the company reported third-quarter financial results and revised guidance above estimates and shared plans to list its financial arm in October 2025.
Sony Group reported third-quarter FY23 sales growth of 22% year-on-year to $25.34 billion (¥3.75 trillion), beating the consensus of $24.62 billion. Adjusted EPS of $1.99 beat the consensus of $1.65.
Sony revised its FY23 sales outlook to $86.62 billion (¥12.4 trillion), down from a prior forecast of ¥12.3 trillion versus the consensus of $87.32 billion.
Sony Group shares fell 6.3% to $89.86 on Wednesday.
Here are some other stocks moving in today's mid-day session.
Gainers
- Datasea Inc. (NASDAQ: DTSS) shares jumped 1,173% to $18.59. On Tuesday, Datasea posted a narrower second-quarter loss.
- Earlyworks Co., Ltd. (NASDAQ: ELWS) surged 416% to $2.35 on two passive stakes.
- enGene Holdings Inc. (NASDAQ: ENGN) jumped 95.5% to $14.90. The company’s CEO Jason Hanson is resigning due to personal family and health reasons, though he will continue to support the company as a strategic advisor after a successor is appointed. Concurrently, enGene announced a private placement of 20 million common shares at $10.00 per share, representing a 31% premium over the previous day’s closing price.
- Cineverse Corp. (NASDAQ: CNVS) surged 92.9% to $2.9899. Cineverse announced forthcoming launch of AI-powered movie search platform cineSearch.
- Cheche Group Inc. (NASDAQ: CCG) gained 74.3% to $5.49.
- MGO Global, Inc. (NASDAQ: MGOL) rose 66% to $0.6647.
- Cogent Biosciences, Inc. (NASDAQ: COGT) surged 62.7% to $8.89.
- Inspira Technologies Oxy B.H.N. Ltd. (NASDAQ: IINN) gained 35% to $1.29 after the company announced it received the first ever U.S. Patent approval for an orbiting blood oxygenation delivery system, a core technology of the INSPIRA ART500 device.
- Lyft, Inc. (NASDAQ: LYFT) shares gained 34.3% to $16.29 after the company reported fourth-quarter sales of $1.22 billion and gross bookings of $3.7 ...