Investing.com - Canon ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Canon ADR announced earnings per share of ¥0.5326 on revenue of ¥8.03B. Analysts polled by Investing.com anticipated EPS of ¥0.2911 on revenue of ¥7.71B.
Canon ADR shares are up 27% from the beginning of the year and are trading at ¥24.00 , down-from-52-week-high.They are outperforming the IBEX 35 which is up 8.2% from the start of the year.
Canon ADR shares gained 0.50% in pre-market trade after the report.
Canon ADR follows other major Information Technology sector earnings this month
Canon ADR's report follows an earnings beat by Apple on Tuesday, who reported EPS of ¥1.3 on revenue of ¥81.43B, compared to forecasts EPS of ¥1.01 on revenue of ¥73.26B.
Microsoft had beat expectations on Tuesday with fourth quarter EPS of ¥2.17 on revenue of ¥46.15B, compared to forecast for EPS of ¥1.91 on revenue of ¥44.06B.
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