Sony, the Tokyo-based electronics giant, blamed its flop
Sony posted a net loss of $197 million for the quarter ending Sept. 30. The company also downgraded its financial outlook for the fiscal year that ends in March, forecasting profit of about $305 million -- down from about $509 million.
Sony said the "underperformance" of "White House Down" was in contrast to a blockbuster film that it had in theaters the same quarter a year earlier --
Earlier this year, things were looking up for Sony's movie division. Sony Pictures posted operating income of $38 million in the first quarter that ended June 30.