Investing.com - Canon reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Canon announced earnings per share of ¥51.3 on revenue of ¥996.1. Analysts polled by Investing.com anticipated EPS of ¥63.7 on revenue of ¥1,014.94B.
Canon shares are down 11.7% from the beginning of the year , still down 10.81% from its 52 week high of ¥3,516.00 set on Monday, August 22, 2022.
Canon follows other major Information Technology sector earnings this month
Canon's report follows an earnings beat by Obic Co Ltd on Tuesday, who reported EPS of ¥132.77 on revenue of ¥24.97B, compared to forecasts EPS of ¥130.72 on revenue of ¥24.77B.
Disco Corp had beat expectations on Thursday, October 20, 2022 with second quarter EPS of ¥678.15 on revenue of ¥79.53B, compared to forecast for EPS of ¥630.37 on revenue of ¥77.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar