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Panasonic posts 4% rise in Q2 operating profit -Breaking

by Mike Robinson

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© Reuters.

TOKYO (Reuters) – Japan’s Panasonic Corp (OTC) reported Thursday a second-quarter operating loss of 96.8 trillion yen ($852.6m) compared to a profit 92.8 billion yen a previous year.

Refinitiv’s analysis showed that the results for three months ending Sept. 30 were worse than the estimated mean profit of 105.9 Billion yen by nine analysts.

Panasonic has raised its full year profit forecast from 330 billion to 370 billion. Refinitiv data indicates that this prediction exceeds the mean of 368.1 billionyen profit, which is based upon forecasts by 20 analysts.

($1 = 113.5400 yen)

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