TOKYO (Reuters) – Japan’s Panasonic Holdings Corp 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)
