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Jan 29, 2021
Canon ADR (CAJ, $22.10) beat Q4 earnings estimates

Canon ADR (CAJ, $22.10) beat Q4 earnings estimates

Canon ADR reported fourth quarter earnings of ¥0.4633 per share, compared to ¥0.3603 expected by analysts polled by Investing.com.

Revenue of ¥9.08B. also beat analysts’ expected ¥8.78B.

For fiscal year, net income attributable to Canon Inc. was 83.32 billion yen, down -33.3% . Earnings per share was 79.35 yen compared to 116.77 yen. Net sales fell -12.2% to 3.16 trillion yen.

Looking ahead, Canon expects fiscal 2021 full-year consolidated net sales of 3.40 trillion yen, and net income attributable to company of 115.0 billion yen (+38% year-on-year increase).

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