Canon, Inc. (NYSE:CAJ) is reporting third quarter financial results on Monday 26th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, CAJ is expected to report 3Q20 income of $ 0.01 per share from revenue of $ 7086.72 million.
For the full year, analysts anticipate top line of $ 29244.30 million, while looking forward to income of $ 0.44 per share bottom line.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 29,333.33 million ~ $ 29,333.33 million
Click Here For More Historical Outlooks Of Canon, Inc.
Previous Quarter Performance
Canon, Inc. announced loss for the second quarter of $ 0.08 per share, from the revenue of $ 6,234.00 million. The quarterly revenues down 23.54 percent compared with the same quarter last year. Street analysts expected Canon, Inc. to report loss of $ 0.03 per share on revenue of $ 6777.31 million for the second quarter. The bottom line results missed street analysts by $ 0.05 or 166.67 percent, at the same time, top line results fell short of analysts by $ 543.31 million or 8.02 percent.
Stock Performance
On Friday, shares of Canon, Inc. has traded high as $ 16.63 and has cracked $ 16.40 on the downward trend, reaching $ 16.45 with volume of 378.10 thousand shares.
According to the previous trading day, closing price of $ 16.45, representing a 5.17 % increase from the 52 week low of $ 15.46 and a 42.77 % decrease over the 52 week high of $ 28.41.
The company has a market capital of $ 17.25 billion and is part of the Industrials sector and Business Equipment industry.
Canon Inc. manufactures and sells office multifunction devices (MFDs), plain paper copying machines, laser and inkjet printers, cameras, diagnostic equipment, and lithography equipment. The company operates through four segments: Office Business Unit, Imaging System Business Unit, Medical System Business Unit, and Industry and Others Business Unit.
