Panasonic Posts Wider Q2 Net Loss
Panasonic (NYSE: PC) posted a net loss in its fiscal second quarter.
Panasonic posted a quarterly net loss of 697.98 billion yen ($8.77 billion), versus a year-ago net loss of Y105.8 billion.
It lowered its forecast for the fiscal year to a net loss of Y765 billion, versus its earlier net profit forecast of Y50 billion.
Panasonic shares closed at $6.12 on Friday.
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