CORRECTION: Panasonic Holdings Q1 EPS $0.63 Beats $0.21 Estimate, Sales $14.80B Miss $15.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
Panasonic Holdings (OTC:PCRFY) reported Q1 earnings of $0.63 per share, beating the analyst consensus estimate of $0.21 by 200%. However, the company's quarterly sales of $14.80 billion missed the analyst consensus estimate of $15.07 billion by 1.82%.
July 31, 2023 | 10:19 am
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NEUTRAL IMPACT
Panasonic's Q1 earnings surpassed estimates significantly, but sales were slightly below expectations.
Panasonic's earnings beat could boost investor confidence and potentially drive the stock price up. However, the sales miss might offset this positive impact, leading to a neutral short-term price direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100