TOKYO (Reuters) – Japan’s Panasonic Corp reported on Wednesday a sharper than anticipated 44% plunge in first-quarter working revenue, as Sino-U.S. commerce tensions dampened demand for its auto elements and manufacturing unit tools in China.

FILE PHOTO: A person is mirrored on Panasonic Corp’s brand at Panasonic Middle in Tokyo, Japan, February 2, 2017. REUTERS/Kim Kyung-Hoon/File Picture

Panasonic, the unique battery cell provider for Tesla Inc, posted an working revenue of 56.39 billion yen ($519.68 million) for the April-June quarter, down from 99.96 billion yen a 12 months prior.

That was beneath a consensus estimate of 70.93 billion yen from…



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