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Canon profit falls 43% on year
Canon Inc. said Monday its third-quarter net profit fell 43% from a year earlier on lower sales for its office printer, camera and industrial equipment businesses.
Third-quarter net profit was 26.52 billion yen ($244.1 million), below the expectation for Y35.67 billion from a FactSet poll of analysts. For the nine-month period ended September, net profit dropped 49% on year to Y92.35 billion, Canon 7751, -0.80% said.
Third-quarter revenue decreased 6.2% from a year ago to Y869.50 billion, falling short of the FactSet estimate of Y891.89 billion.
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https://www.marketwatch.com/story/canon-...yptr=yahoo
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Canon Inc. said Monday its third-quarter net profit fell 43% from a year earlier on lower sales for its office printer, camera and industrial equipment businesses.
Third-quarter net profit was 26.52 billion yen ($244.1 million), below the expectation for Y35.67 billion from a FactSet poll of analysts. For the nine-month period ended September, net profit dropped 49% on year to Y92.35 billion, Canon 7751, -0.80% said.
Third-quarter revenue decreased 6.2% from a year ago to Y869.50 billion, falling short of the FactSet estimate of Y891.89 billion.
...
https://www.marketwatch.com/story/canon-...yptr=yahoo
