DailyDOOH

Adrian J Cotterill, Editor-in-Chief

Panasonic Corp. shares tumbled 19% Thursday, wiping more than USD 3 billion off its market capitalisation after it announced, for the second year in a row, that it expects a massive loss.

The gloomy forecast came as rivals Sony Corp. and Sharp Corp. are also set to report poor earnings.

 Print This Post

Tweet Post on Bluesky

This entry was posted on Thursday, November 1st, 2012 at 01:31 @105 and is filed under Scuttlebut. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.