Hitachi Beats Forecast Despite Slowdown in China

Hitachi Ltd  posted a better-than-expected quarterly profit due to strong sales in its power and automotive systems business, but warned of possible turbulence from the slowdown in China.

The sprawling conglomerate, whose products range from excavators to thermal power plants, posted an operating profit of 63.6 billion yen ($808.85 million) in the April-to-June quarter, up from 52.4 billion yen a year earlier.

For more about Hitachi's first-quarter financial results...