Panasonic posts 39% drop in Q1 operating profit, misses estimate

Earnings for the three months to June 30 missed an estimated mean of 73.3 billion yen from nine analysts, according to Refinitiv.

Reuters

July 28, 2022 / 12:13 IST

Image: Reuters

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

first published: Jul 28, 2022 12:13 pm

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