US Stock Market Move | Sony's third quarter performance exceeded expectations, with shares rising more than 7%.

On Thursday, Sony (SONY.US) rose over 7% to $23.61. In terms of news, the company announced its performance for the third fiscal quarter ending in December last year, with revenue increasing by 18% year-on-year to 4.41 trillion yen, and net profit increasing by 2.7% year-on-year to 373.74 billion yen, exceeding expectations. Profit from the ARVR game business in the period increased by 37%, mainly due to increased sales and reduced losses from hardware equipment. PlayStation 5 console sales reached 9.5 million units, up from 8.2 million units in the same period last year.