Canon sees 5.2 pct dip in 2019 profit on China economic slowdown [Reuters]
Canon, Inc. American Depositary Shares (CAJ)
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Source: Reuters
Canon sees 5.2 percent dip in 2019 profit on China economic slowdown | Reuters 1 Min Read TOKYO (Reuters) - Japan’s Canon Inc said on Wednesday it expected operating profit to drop 5.2 percent in 2019 as a Chinese economic slowdown hit demand for cameras and panel-making equipment. The camera and printer manufacturer forecast operating profit to dip to 325 billion yen ($2.97 billion) from 342.95 billion yen a year earlier, representing the first drop in three years, and missing a consensus 332.35 billion yen estimate of 18 analysts, according to Refinitiv data. Operating profit for fourth quarter 2018 increased 30 percent to 99.6 billion yen from a year earlier. Reporting by Makiko Yamazaki; Editing by Muralikumar Anantharaman and Rashmi Aich All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2019 Reuters. All Rights Reserved. Canon sees 5.2 percent dip in 2019 profit on China economic slowdown TOKYO (Reuters) - Japan’s Canon
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