Panasonic assumes no new COVID-19 outbreak as solar beats Tesla — Panjiva
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Panasonic assumes no new COVID-19 outbreak as solar beats Tesla

China 2918 Cons. Discr. - Autos 1125 Cons. Discr. - Durables 462 Coronavirus 511 Earnings 682 Energy - Renewables 167 Info Tech - Tech Hardware 739 Japan 575 Quote Watch 452 U.S. 5260

Panasonic reported a 26.0% year over year slide in calendar Q2 revenues, including an 18.5% percentage point drop linked by the firm to COVID-19. The management also gave full year profit guidance that was 23.4% below analysts’ consensus estimates. That’s despite expectations that “monthly sales hit bottom in April and May” and that the firm is “not expecting another major outbreak of COVID-19”. There’s signs that there’s a continued downturn in the firm’s U.S. business with a 33.9% year over year drop in U.S. seaborne imports linked to the firm in the first three weeks of July following...

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