Nikon sags nearly 10 percent to nine-month low after cutting earnings guidance

Reuters News
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Posted: Aug 08, 2013 8:19 PM
Nikon sags nearly 10 percent to nine-month low after cutting earnings guidance

TOKYO (Reuters) - Shares in Nikon Corp sank nearly 10 percent to a nine-month low of 1,815 yen in early trade on Friday after the camera maker cut its full-year earnings and dividend forecasts due to disappointing demand for mirrorless cameras.

Nikon shares have fallen 27 percent so far this year, underperforming a 32 percent rise in the benchmark Nikkei average.

(Reporting by Dominic Lau; Editing by Edmund Klamann)