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Canon raises its aim
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Old 26th April 2017, 19:08   #1
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Default Canon raises its aim

Japan’s Canon lifted its full year operating profit forecast after reporting strong first-quarter results on the back of earnings from a medical equipment unit it bought from Toshiba last year.

The camera and printer maker forecast profit of $2.43 billion, up from $2.28 billion estimated in January. It reported profit of $2.05 billion in the previous year

The upbeat outlook suggests Canon’s strategy to diversify has begun to reward the company after the $5.8 billion acquisition of the Toshiba unit and the $2.8 billion takeover of Swedish video-surveillance firm Axis AB.

http://www.techeye.net/business/canon-raises-its-aim
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