Fujitsu Falls Most in 11 Years After Forecast Misses Estimates

Fujitsu Ltd. shares fell as much as 14%, the most in 11 years, after the company’s fourth-quarter operating profit and full-year forecast missed analyst estimates.

The Japanese IT services company reported fourth-quarter operating income of ¥137.4 billion ($857 million), missing the average analyst estimate of ¥163.3 billion. Full-year operating profit guidance of ¥415 billion also fell short of the consensus estimate of ¥428.9 billion.