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Earnings Analysis: 
Canon Net Surges
Author: Trupti Mehta
123jump.com
Last Update: 10:07 AM ET April 26 2010


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Canon Inc first quarter revenues rose 10% to ¥755.5 billion and net profit rose 221% to ¥56.8 billion or ¥46.02 a share.

 
11:05 PM Tokyo, Japan - Canon Inc revenue rose 10% and net profit rose 221%.

Canon Inc, the manufacturer of network digital multifunction devices said first quarter revenues rose 10% to ¥755.5 billion from ¥687.0 million a year ago. Net profit for the quarter rose 221% to ¥56.8 billion or ¥46.02 per diluted share compared to net profit of ¥17.7 billion or ¥14.37 per share a year ago.

Canon Inc, in the last one year traded as high as ¥4,520.00 in April 2010 and as low as ¥2,855.00 in April 2009. Based on the yesterday’s closing price of ¥4,395.00 the company has market cap of ¥5.43 trillion.
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