Canon Says Revenue Up But Lowers Earlier Forecasts

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On April 26, Canon reported its first quarter financial results for 2011. Revenue for the quarter ending March 31 stood at ¥839.2 billion up about 11 percent from ¥755.5 billion in Q1 2010. Tumbling from ¥86.84 billion to ¥82.50 billion, operating profits were off approximately 5 percent. Like other Japanese OEMs, Canon said the March

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