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Canon hits one-week low after cutting compact camera sales forecast
April 25, 2013 / 12:25 AM / in 5 years

Canon hits one-week low after cutting compact camera sales forecast

TOKYO (Reuters) - Shares of Canon Inc fell 5.1 percent to 3,645 yen, a one-week low, on Thursday after the camera-and-printer maker lowered its forecast for compact camera sales for the business year ending in December.

A woman walks on an advertisement for Canon digital cameras at an electronics retail store in Tokyo April 23, 2013. REUTERS/Toru Hanai

On Wednesday, the company lifted its annual operating profit forecast by nearly 10 percent to 450 billion yen, due to a weaker yen.

Reporting by Dominic Lau; Editing by Paul Tait

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