Wednesday, July 24, 2013

Reuters: Global Markets: Canon shares slide 7 percent after it cuts profit outlook

Reuters: Global Markets
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 
Canon shares slide 7 percent after it cuts profit outlook
Jul 25th 2013, 00:13

TOKYO | Wed Jul 24, 2013 8:13pm EDT

TOKYO (Reuters) - Shares in Canon Inc (7751.T) fell 7 percent to a three-week low on Thursday after the world's largest digital camera maker cut its operating profit forecast for the year by 16 percent, citing a slowdown in China and other emerging economies.

Canon shares fell as low as 3,190 yen.

Rival Nikon Corp (7731.T) also sagged more than 5 percent to 2,152 yen.

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