Panasonic Q2 profit falls 11% By Reuters


© 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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