By: Benzinga
April 24, 2013 at 04:33 AM EDT
Canon Q1 Net Profit Down 33.5%
Canon (NYSE: CAJ ) reported a 33.5% drop in its net profit for the first quarter. Canon's quarterly net profit fell to Y40.91 billion ($411.35 million), from Y61.54 billion, in the year-earlier period. Its sales declined 1.5% to Y816.65 billion, while operating profit dropped 33.8% to Y54.77 billion. However, analysts were
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