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Canon’s January-March net profit likely dropped 16%: report

HONG KONG (MarketWatch) — Japanese exporter Canon Inc.’s group net profit likely dropped 16% to 110 billion yen ($1.09 billion) during the January-March quarter from a year earlier, according to a Nikkei report Saturday. The U.S. dollar-yen exchange rate averaged 104 yen during the previous quarter, about 15 yen lower than a year-ago. Quarterly sales likely declined 4% to one trillion yen ($9.9 billion), the report added. Canon shares dropped 3.9% in Tokyo recently.
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Original post by Forextvblog

This entry was posted on Sunday, April 13th, 2008 at 8:58 pm and is filed under Daily Forex Analysis. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Canon’s January-March net profit likely dropped 16%: report”

  1. Canon’s January-March net profit likely dropped 16%: report Says:
    April 13th, 2008 at 10:53 pm

    […] Ready Currency Trading wrote an interesting post today onHere’s a quick excerptCanon’s January-March net profit likely dropped 16%: report April 13th, 2008 HONG KONG (MarketWatch) — Japanese exporter Canon Inc.’s group net profit likely dropped 16% to 110 billion yen ($1.09 billion) during the January-March quarter from a year earlier, according to a Nikkei report Saturday. The U.S. dollar-yen exchange rate averaged 104 yen during the previous quarter, about 15 yen lower than a year-ago. Quarterly sales likely declined 4% to one trillion yen ($9.9 billion), the report […]

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