Canon’s financial results for the third quarter of 2017 (they hiked their profit forecast for the third time)


Canon published their financial results for the third quarter of 2017. From Reuters:

Canon Inc hiked its annual profit forecast for the third time on Tuesday on the back of expanding demand for “business-to-business” products from surveillance cameras to organic light-emitting diode (OLED) screen production equipment.

Coupled with a doubling of operating profit in the third-quarter, the upbeat outlook - which surpassed analysts’ estimates - suggests Canon’s diversification from a global camera market under attack from increasingly sophisticated smartphones is paying off.

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