Canon shares slide 7 percent after it cuts profit outlook

TOKYO Wed Jul 24, 2013 8:13pm EDT

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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.

(Reporting by Dominic Lau; Editing by Edmund Klamann)

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