© Reuters. FILE PHOTO: A logo of Panasonic Corp is pictured at the CEATEC JAPAN 2017 (Combined Exhibition of Advanced Technologies) at the Makuhari Messe in Chiba, Japan, October 2, 2017. REUTERS/Toru Hanai
TOKYO (Reuters) – Japan’s Panasonic (OTC:) Corp on Wednesday posted fourth-quarter operating profit of 83.3 billion yen ($639.6 million) compared with a profit of 31.8 billion yen a year ago.
The result for the three months to March 31 was worse than an estimated mean of 85.5 billion yen profit from nine analysts surveyed by Refinitiv.
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