More on Panasonic (PC) FQ1: net profit strengthened by cost cuts as company undergoes a massive...

|About: Panasonic Corp. ADR (PCRFY)|By:, SA News Editor

More on Panasonic (PC) FQ1: net profit strengthened by cost cuts as company undergoes a massive revamp. Maintains FY forecast for net profit of ¥50B, op profit of ¥260B and sales of ¥8.1T. "Their outlook doesn't suggest a solid turnaround is under way. It continues to be tough for them," said asset manager Makoto Kikuchi prior to the results.