Japan's Canon Q1 profit rises 5.3 pct, misses estimates [Reuters]
Canon, Inc. American Depositary Shares (CAJ)
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Source: Reuters
Japan's Canon Q1 profit rises 5.3 pct, misses estimates | Reuters Reuters Staff 1 Min Read TOKYO, April 25 (Reuters) - Japan’s Canon Inc reported a 5.3 percent rise in first-quarter operating profit on Wednesday due to strong demand of semiconductor-making equipment. The firm, which also makes of cameras and printers, posted operating profit of 77.1 billion yen ($707.14 million) for the three months through March, from a year-before profit of 73.2 billion yen. The result missed the 85.03 billion yen average of 3 analyst estimates in a Thomson Reuters poll. Canon maintained its annual profit forecast for the year ending December at 404 billion yen, versus a consensus estimate of 406.36 billion yen from 18 analysts. ($1 = 109.0300 yen) (Reporting by Makiko Yamazaki Editing by Christopher Cushing) All quotes delayed a minimum of 15 minutes. See here for a complete list of exchanges and delays. Š 2018 Reuters. All Rights Reserved.
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