Future Tech
Panasonic posts 39% drop in Q1 operating profit, misses estimate
TOKYO - Japan's Panasonic Holdings Corp said on Thursday first-quarter operating profit fell to 63.7 billion yen ($470.60 million) from 104.4 billion a year earlier, when profits rose on pandemic-fuelled demand for home appliances and car batteries.
Earnings for the three months to June 30 missed an estimated mean of 73.3 billion yen from nine analysts, according to Refinitiv.
- Reuters
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