Canon lifts annual profit forecast on recovery in printer sales

Reuters  |  TOKYO 

TOKYO (Reuters) - Japan's Inc raised its annual operating profit forecast on Thursday in its second upward revision this year, helped by a recovery in printer sales.

The company, which also makes copiers and cameras, forecast profit of 330 billion yen ($3 billion) for the year through December, up from 270 billion yen estimated three months prior.

That compares with an average forecast of 297.14 billion yen from 21 analysts surveyed by Thomson I/B/E/S.

The company also said second-quarter operating profit climbed 40.4 percent to 96.3 billion yen, beating the 81 billion yen average of five analyst estimates.

($1 = 111.0200 yen)

(Reporting by Makiko Yamazaki; Editing by Edwina Gibbs)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)