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

Panasonic Energy India

28/07/2022 07:34

TOKYO, July 28 (Reuters) - Japan's Panasonic Holdings Corp
 6752.T  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.
($1=135.3600 yen)

 (Reporting by Satoshi Sugiyama; Editing by Clarence Fernandez)
 ((Satoshi.Sugiyama@thomsonreuters.com;))