Canon Posts Rise In Quarterly Profit

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Canon IncCAJ
reported a 6% gain in its net profit for the October-December quarter. The company's quarterly net profit surged to Y68.09 billion ($578 million), versus a year-ago profit of Y64.25 billion. Its sales gained 2.4% to Y1.060 trillion from Y1.035 trillion, while imaging system sales declined 3.4% in the quarter. Canon reported a net profit of Y254.80 billion on revenue of Y3.727 trillion for the full fiscal year ended in December. For the current business year, the company expects a net profit of Y260 billion on sales of Y3.9 trillion. Canon shares fell 0.81% to close at $33.00 yesterday.
Posted In: EarningsNewsGuidanceprofit
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