TOKYO (Reuters) – Japan’s Panasonic Corp on Wednesday posted a 44% decline in third-quarter operating profit to 73 billion yen ($636.2 million).
The result for the three months to Dec. 31 was worse than an estimated mean 106.9 billion yen profit from 10 analysts surveyed by Refinitiv.
Panasonic stuck with its full-year forecast for annual profit of 370 billion yen – a figure in line with analysts’ forecasts.
($1 = 114.7400 yen)
(Reporting by Tim Kelly; Editing by Edwina Gibbs)
