Japan's Panasonic raised its full year operating profit outlook by 12%, helped by a share valuation gain and increased sales of automotive batteries and factory automation equipment
for about 400 billion yen to help fund the acquisition of Blue Yonder, which uses machine learning to help companies manage supply chains by connecting factories to warehouses and retailers.
For the three-months ending Sept. 30, Panasonic posted a profit of 96.8 billion yen, compared with a profit of 92.8 billion yen a year ago, worse than an estimated mean 105.9 billion yen profit from nine analyst surveyed by Refinitiv.
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