UPDATE 1-Japan's Canon Q1 profit rises 5.3 pct on chip-making equipment demand [Reuters]
Canon, Inc. American Depositary Shares (CAJ)
Last canon, inc. american depositary shares earnings: 4/24 04:01 pm
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Source: Reuters
UPDATE 1-Japan's Canon Q1 profit rises 5.3 pct on chip-making equipment demand | Reuters Reuters Staff 2 Min Read * Chip lithography equipment sales more than double * Maintains full-year outlook at 404 bln yen * Analysts cautious about OLED panel-making equipment sales (Adds CFO comment, background) TOKYO, April 25 (Reuters) - Canon Inc reported a 5.3 percent rise in first-quarter operating profit on Wednesday, as sustained demand for semiconductors boosted sales of the Japanese firm’s chip-making equipment. “Brisk demand for memory chips is driving our clients to boost investment,” Chief Financial Officer Toshizo Tanaka told reporters. “That led to a 2.5-fold jump in sales of our semiconductor lithography 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
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