TOKYO : Japan's Panasonic Corp on Thursday cut its full-year operating profit forecast even as it posted a 16 per cent rise in third-quarter operating profit to 84.4 billion yen ($653 million).Panasonic slashed its operating profit forecast by 12.5 per cent to 280 billion yen from 320 billion yen. That co
TOKYO : Japan's Panasonic Corp on Thursday cut its full-year operating profit forecast even as it posted a 16 per cent rise in third-quarter operating profit to 84.4 billion yen .
Panasonic slashed its operating profit forecast by 12.5 per cent to 280 billion yen from 320 billion yen. That compares to a 335.98 billion yen average forecast of 19 analysts surveyed by Refinitiv. The result for the three months to Dec. 31 also fell short of a mean estimate of 95.31 billion yen profit from nine analysts.
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