Skip to main content

Market Overview

Recap: Canon Q1 Earnings

Share:

 

Shares of Canon (NYSE:CAJ) moved higher by 4.1% in pre-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share increased 100.00% over the past year to $0.38, which beat the estimate of $0.27.

Revenue of $7,591,000,000 up by 5.77% from the same period last year, which missed the estimate of $7,790,000,000.

Guidance

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

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

Technicals

52-week high: $24.22

52-week low: $15.46

Price action over last quarter: Up 13.12%

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.

 

Related Articles (CAJ)

View Comments and Join the Discussion!

Posted-In: BZI-RecapsEarnings News

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com