Sony targets double-digit profit growth despite slowdown in PlayStation 5 sales amid memory price crunch

Japanese entertainment giant Sony on Friday said it expects annual profit to rise as revenue from some business segments in the fourth quarter helped offset headwinds from a memory price crunch. Here are Sony's fourth-quarter results compared with LSEG estimates: Revenue: 3.036 trillion Japanese yen ($19.4 billion) compared to analyst estimates of 2.896 trillion yen. Operating profit: 164 billion yen compared to analyst estimates of 278 billion yen. …