Panasonic (PC): FQ3 sales fell 20% to ¥1,880B, with domestic sales down 10% and overseas sales...

|About: Panasonic Corp. ADR (PCRFY)|By:, SA News Editor
Panasonic (PC): FQ3 sales fell 20% to ¥1,880B, with domestic sales down 10% and overseas sales down 29%. Operating profit down 84% to ¥26.4B. Sees a full-year net loss of ¥380B ($4.3B) and sales off 15%. Slashes dividend by 33%. Will cut work force by 15,000. Shares were +1% in Tokyo before the announcement. (PR)