Investing.com - Canon ADR reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Canon ADR announced earnings per share of ¥0.3438 on revenue of ¥6.88B. Analysts polled by Investing.com anticipated EPS of ¥0.404 on revenue of ¥7.46B.
Canon ADR shares are down 4% from the beginning of the year and are trading at ¥23.32 , down-from-52-week-high.They are outperforming the S&P 500 which is down 9.86% from the start of the year.
Canon ADR follows other major Information Technology sector earnings this month
Canon ADR's report follows an earnings beat by Taiwan Semiconductor on April 14, who reported EPS of ¥1.35 on revenue of ¥16.94B, compared to forecasts EPS of ¥1.27 on revenue of ¥16.73B.
ASML ADR had missed expectations on April 20 with first quarter EPS of ¥1.88 on revenue of ¥3.84B, compared to forecast for EPS of ¥1.94 on revenue of ¥3.86B.
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