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Canon Marks Down Outlook As Weak Camera Sales Hit Second-Quarter Profit

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy

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A woman tries out a Canon Inc camera at a Canon showroom in TokyoTOKYO (Reuters) - Japan's Canon Inc on Monday lowered its earnings outlook for the full year and reported a 16 percent fall in second-quarter net profit, as fewer consumers bought new compact digital cameras. The world's largest camera maker said net profit fell to 68 billion yen ($552 million) in April-June compared with 81 billion yen a year earlier. Analysts on average expected 65 billion yen, according to Thomson Reuters data. The company said it now expects full-year profit of 245 billion yen rather than the 255 billion it expected three months ago. ...




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