Panasonic Posts Wider Q2 Net Loss

Panasonic 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.