Canon Cuts Profit Forecast as Yen's post-Brexit Stength Wanes

From Makiko Yamazaki, Reuters:

Canon Inc (7751.T) cut its full-year profit forecast on Tuesday, becoming Japan's first major technology company to report a weaker outlook on the yen's surge following Britain's vote to leave the European Union.

The world's biggest maker of cameras and printers forecast group operating profit of 265 billion yen ($2.54 billion) for the year through December, from 300 billion yen estimated three months prior.

See the entire article on Reuters.com.

Posted: 7/26/2016 6:36:06 AM ET   Posted By: Sean
Posted to: Canon News    Category: Reuters News
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