Investing.com - Canon ADR reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Canon ADR announced earnings per share of ¥0.5326 on revenue of ¥8.03B. Analysts polled by Investing.com anticipated EPS of ¥0.2911 on revenue of ¥7.71B.
Canon ADR shares are up 27% from the beginning of the year and are trading at ¥24.00 , down-from-52-week-high.They are outperforming the IBEX 35 which is up 8.2% from the start of the year.
Canon ADR shares gained 0.50% in pre-market trade the report.
Canon ADR follows other major Information Technology sector earnings this month
Canon ADR's report follows an earnings beat by Apple on Tuesday, who reported EPS of ¥1.3 on revenue of ¥81.43B, compared to forecasts EPS of ¥1.01 on revenue of ¥73.26B.
Microsoft had beat expectations on Tuesday with fourth quarter EPS of ¥2.17 on revenue of ¥46.15B, compared to forecast for EPS of ¥1.91 on revenue of ¥44.06B.
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