(Adds Outlook)
For the full year, Canon Inc. (CAJ) has reaffirmed its guidance.
For the 12-month period, Canon continues to expect net income of 305 billion yen, up 15.3 percent from previous year. Operating profit is still seen at 435 billion yen, up 15.9 percent from last year.
The company also backed its sales outlook of 4.350 trillion yen, up 4 percent from a year ago.
Q1 Results:
Canon announced a profit for its first quarter that increased from the same period last year
The company's earnings came in at ¥59.949 billion, or ¥60.67 per share. This compares with ¥56.410 billion, or ¥55.53 per share, in last year's first quarter.
The company's revenue for the quarter rose 1.8% to ¥988.519 billion from ¥971.125 billion last year.
Canon Inc. earnings at a glance (GAAP) :
-Earnings (Q1): ¥59.949 Bln. vs. ¥56.410 Bln. last year.
-EPS (Q1): ¥60.67 vs. ¥55.53 last year.
-Revenue (Q1): ¥988.519 Bln vs. ¥971.125 Bln last year.
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