Hitachi Ltd (NYSE:
HIT) reported a 33% drop in its net profit for the fiscal second quarter.
Hitachi's quarterly net profit declined to Y48.0 billion, from Y71.9 billion, in the year-ago period. Its operating profit dropped 9% to Y118.2 billion from Y129.5 billion. Hitachi's revenue gained 3% to Y2.422 trillion from Y2.350 trillion.
Hitachi shares dropped 6.39% to close at $54.08 yesterday.
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