Hitachi Lowers Full-Year Profit View

Japan's Hitachi

lowered its full-year profit forecast by around 13% to 420 billion yen ($4.5 billion). Hitachi's operating profit declined to 68.3 billion yen in the October-December quarter, versus 95.1 billion yen, in the year-ago period. However, analysts were expecting a profit of 98.3 billion yen. Hitachi shares rose 0.15% to close at $59.58 on Friday.