Revenue Update on Canon Inc (ADR)(NYSE:CAJ)

Canon Inc (ADR)(NYSE:CAJ) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 26, 2016. Company reported revenue of $8.35B. Analysts estimated a revenue of $8.21B. Earnings per share were $0.48.

In a different note, On Jul 15, 2016, CLSA said it Downgrades its rating on Canon Inc (ADR). The shares have been rated ‘Underperform’ by the firm.

Canon Inc (ADR) (CAJ) made into the market gainers list on Fridays trading session with the shares advancing 2.09% or 0.58 points. Due to strong positive momentum, the stock ended at $28.27, which is also near the day’s high of $28.29. The stock began the session at $28.22 and the volume stood at 2,81,683 shares. The 52-week high of the shares is $32.64 and the 52 week low is $26.6018. The company has a current market capitalization of $61,746 M and it has 2,18,41,45,300 shares in outstanding.

Canon Inc. (Canon) is a manufacturer of office multifunction devices (MFDs) plain paper copying machines laser printers inkjet printers cameras and lithography equipment. The Company operates in three segments: the Office Business Unit the Imaging System Business Unit and the Industry and Others Business Unit. The Office Business Unit includes MFDs laser multifunction printers laser printers digital production printing systems feed printers wide-format printers and document solutions. The Imaging System Business Unit includes interchangeable lens digital cameras digital compact cameras digital camcorders digital cinema cameras interchangeable lenses inkjet printers and large-format inkjet printers among others. The Industry and Others Business Unit includes semiconductor lithography equipment Flat panel display (FPD) lithography equipment ophthalmic equipment vacuum thin-film deposition equipment and organic light emitting diode among others.

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