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Panasonic Q1 profit rises 42%, in line with market expectations

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Japan's Panasonic Holdings on Monday posted a 42% rise in first-quarter profit to 90.37 billion yen ($636 million), largely matching analysts' estimates.

FILE PHOTO-Visitors look at Panasonic Corp's luxury brand home appliances called J concept at CEATEC JAPAN 2015 in Makuhari, Japan, October 6, 2015. REUTERS/Yuya Shino/File Photoon Monday posted a 42% rise in first-quarter profit to 90.37 billion yen , largely matching analysts' estimates.

Operating profit for the three months to end-June compared with an average estimate of 91.18 billion yen in a poll of 11 analysts by Refinitiv and a 63.7 billion yen operating profit in the same period a year earlier.

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