Canon Forecast Misses Analyst Estimates Amid Camera Slump
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Canon Inc.’s forecast for annual net income missed analyst estimates as the world’s largest camera maker stumbles amid slowing demand.
Net income will probably total 240 billion yen ($2.3 billion) in 2014, the Tokyo-based company said in a statement today. That’s less than the 267 billion yen average of 22 analyst estimates compiled by Bloomberg.