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Stock Alert: Canon Adds In Pre-market After Earnings Spike, Increased Outlook

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Shares of Canon Inc. (CAJ) are climbing more than 3% in pre-market trade on Monday after the company reported more than 100% growth in its first-quarter profit.

First-quarter net income was 44.45 billion Japanese yen or $400.49 million up 103% from 21.91 billion yen in the same quarter a year ago.

Earnings per share jumped to 42.50 yen or $0.38 from 20.68 yen last year.

Net sales for the quarter grew 7.7% to 842.65 billion yen or $7.59 billion from $782.31 billion yen in the prior year's quarter.

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Global Economics Weekly Update -May 18 – May 22, 2026

May 22, 2026 14:46 ET
Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.

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