Profit fell sharply in the first quarter of the year compared to the same period of the previous year for Japanese electronics major Panasonic Holdings. Panasonic reported on Wednesday that its first-quarter net profit attributable to stockholders plunged 64.8% to 70.63 billion yen ($47 million) from 200.93 billion yen in the same period last year. Earnings per share were 30.25 yen, down from 86.06 yen a year ago. Profit before tax dropped 3.7% from last year to 104.71 billion yen, and operating income fell 7.3% to 83.76 billion yen. Net sales grew 4.5% to 2.12 trillion yen from 2.03 trillion …