TOKYO (AP) — Canon Inc. CAJPY) on Thursday reported second-quarter profit of $558.1 million. The Tokyo-based company said it had profit of 57 cents per share.
Canon (CAJPY) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Here is how Canon (CAJPY) and IBM (IBM) have performed compared to their sector so far this year.