Investing.com - Canon reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Canon announced earnings per share of ¥51.3 on revenue of ¥996.1. Analysts polled by Investing.com anticipated EPS of ¥63.7 on revenue of ¥1,014.94B.
Canon shares are down 11.7% from the beginning of the year and are trading at ¥3,136.0 , down-from-52-week-high.
Canon follows other major Information Technology sector earnings this month
Canon's report follows an earnings beat by Obic Co Ltd on Tuesday, who reported EPS of ¥132.77 on revenue of ¥24.97B, compared to forecasts EPS of ¥130.72 on revenue of ¥24.77B.
Disco Corp had beat expectations on Thursday, October 20, 2022 with second quarter EPS of ¥678.15 on revenue of ¥79.53B, compared to forecast for EPS of ¥630.37 on revenue of ¥77.41B.
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