Its shares slid as much as 11.5%, the biggest decline on an intraday basis since July 2012. The Japanese maker of printers and scanners on Tuesday warned that the pandemic had dampened demand for printers and cameras more than anticipated, forcing it to slash its interim dividend. It also forecast an annual profit of 45 billion yen , missing the lowest of analysts’ estimates.
into areas such as diagnostic imaging equipment. After a decade of share price decline, it’s now grappling with the uncertainty of Covid-19 as corporations around the world tighten their belts.Diminished order flow for cameras and office printers remains a key challenge due to the threat of a collapse in corporate and consumer spending, and slow office reopenings in many countries.
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