Investing.com - Canon ADR reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Canon ADR announced earnings per share of ¥0.4551 on revenue of ¥9.07B. Analysts polled by Investing.com anticipated EPS of ¥0.4537 on revenue of ¥8.87B.
Canon ADR shares are up 0.04% from the beginning of the year, still down 5.78% from its 52 week high of ¥25.94 set on April 26, 2021. They are broadly in line with the EUR/USD which is down 0% 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 Microsoft on Tuesday, who reported EPS of ¥2.48 on revenue of ¥51.73B, compared to forecasts EPS of ¥2.31 on revenue of ¥50.65B.
Taiwan Semiconductor had beat expectations on January 13 with fourth quarter EPS of ¥1.16 on revenue of ¥15.85B, compared to forecast for EPS of ¥1.12 on revenue of ¥15.69B.
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