Panasonic shares soared nearly 17 percent on Monday as investors reacted to the Japanese electronics giant's latest earnings, while rivals Sony and Sharp also spiked on upbeat sentiment.
Panasonic president and CEO Kazuhiro Tsuga gives a keynote address at the International CES on January 8, 2013 in Las Vegas. Panasonic shares on Monday soared nearly 17% as investors reacted to the Japanese electronics giant's latest earnings.
Panasonic closed 16.89 percent higher at 692 yen in Tokyo, following the company's announcement after the close of Friday's session that it posted an operating profit of 121.95 billion yen ($1.32 billion) in the nine months to December, and a 61.4 billion yen net profit in the last three months of 2012.
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