Investing.com - Canon ADR reported on Tuesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Canon ADR announced earnings per share of ¥0.4151 on revenue of ¥7.33B. Analysts polled by Investing.com anticipated EPS of ¥0.4216 on revenue of ¥8.1B.
Canon ADR shares are up 28.95% from the beginning of the year and are trading at ¥25.03 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Canon ADR follows other major Technology sector earnings this month
Canon ADR's report follows an earnings beat by Facebook on Monday, who reported EPS of ¥3.22 on revenue of ¥29.01B, compared to forecasts EPS of ¥3.19 on revenue of ¥29.58B.
Taiwan Semiconductor had beat expectations on October 14 with third quarter EPS of ¥1.07 on revenue of ¥14.75B, compared to forecast for EPS of ¥1.04 on revenue of ¥14.81B.
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