A cyberattack forced Sony to postpone its official earnings results in January, but the wait was worth the while, analysts say, as above-view preliminary results released overnight reaffirm their faith in the Japanese electronics giant.
"It's a once in a decade turnaround," Jefferies senior analyst Atul Goyal told CNBC. "[Sony] has changed and is focusing on profitable businesses" such as consoles, content and image sensors.
Preliminary results released Wednesday show Sony's operating profit doubled to 178.3 billion yen ($1.52 billion) in the October-December quarter, well above estimates of 96.6 billion yen in a Reuters poll. Sales rose 6 percent to 2.56 trillion yen, above consensus estimates of 2.38 trillion yen.
"Every single business unit was profitable – no losses in continuing operations anywhere in the company for the first time in a long while," Japan Executive Newsletter (JEN) Senior Editor Jay Nelson told CNBC.
Sony also announced an improved outlook for the full year ending in March, forecasting a net loss of 170 billion yen, up from its previous projection for a 230 billion yen loss.