Panasonic Shares Rise After Profit Beats Estimates: Tokyo Mover
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Panasonic Corp., maker of the Viera range of televisions, rose the most in three years in Tokyo trading after reporting first-quarter profit that beat analyst estimates.
Panasonic climbed as much as 7.9 percent to 589 yen, headed for the biggest gain since July 24, 2009, and changed hands at 576 yen as of 10:12 a.m. in Tokyo. The stock was the second-biggest percentage gainer on Japan’s benchmark Nikkei 225 Stock Average, which dropped 1.3 percent.