Reuters: Technology News: Canon cuts profit outlook as camera slump drags on

Reuters: Technology News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Got an anatomy exam soon? Use the most efficient tool to learn anatomy and be prepared for your next exam like no one else. Make your anatomy learning experience an unforgettable one. From our sponsors

Canon cuts profit outlook as camera slump drags on Oct 24th 2013, 06:25 Tweet Share this Email Print Reprints A man tries out a Canon Inc's new digital SLR camera EOS-1D X at a Canon showroom in Tokyo April 24, 2012. Credit: Reuters/Toru Hanai TOKYO | Thu Oct 24, 2013 2:25am EDT TOKYO (Reuters) - Japan's Canon Corp cut its operating profit outlook for a second quarter in a row as a slump in the market for high-end cameras dragged on with a sharper-than-expected slowdown in emerging markets. The world's largest camera maker said it now expects to sell 8 million interchangeable-lens cameras in the year to end-December, down from the previous quarter's forecast of 9 million and below last year's total of 8.2 million. It lowered its full-year operating profit forecast to 360 billion yen ($3.70 billion) from previous guidance of 380 billion yen. That compares with an average of 378.5 billion yen based on 23 analysts' estimates according to Thomson Reuters Starmine. (Reporting by Sophie Knight; Editing by Kenneth Maxwell) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions