Market Overview

Canon: Q3 Earnings Insights

Share:

Shares of Canon (NYSE:CAJ) were flat in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share were down 34.78% over the past year to $0.15, which beat the estimate of $0.01.

Revenue of $7,159,000,000 decreased by 11.08% year over year, which beat the estimate of $7,090,000,000.

Looking Ahead

Canon hasn't issued any earnings guidance for the time being.

Revenue guidance hasn't been issued by the company for now.

Technicals

Company's 52-week high was at $28.41

Company's 52-week low was at $15.46

Price action over last quarter: down 5.75%

Company Description

Canon designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. The company operates four major business segments: office, imaging systems, medical systems, and industry and others. Its global customer base and domestically concentrated operations create inherent currency exposure, which can cause performance to fluctuate. Canon's headquarters and 28 of its 46 manufacturing plants are in Japan, but nearly 80% of revenue is delivered from international markets. The firm has been expanding into new geographies and markets to mitigate this exposure.

 

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Posted-In: Earnings News