© Reuters. FILE PHOTO: A logo of Panasonic Corp is pictured at the Combined Exhibition of Advanced Technologies at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai/File Photo
TOKYO (Reuters) – Japan’s Panasonic (OTC:) Holdings Corp posted on Monday an 11% drop in second-quarter operating profit, but performed better than analysts’ estimates.
It reported 86.1 billion yen ($582.54 million) in operating profit for the three months to end-September, versus an average 81.6 billion yen profit estimated by nine analysts, according to Refinitiv data.
A year earlier, the company earned 96.8 billion yen.
($1 = 147.8000 yen)
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