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Fujifilm Shares Tumble by a Record After Earnings Disappoint

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Fujifilm Shares Tumble by a Record After Earnings Disappoint Fujifilm Holdings Corp. shares tumbled by the most on record in Tokyo trading after the medical equipment maker reported first-quarter results that fell short of expectations. The shares sank as much as 18%. It reported operating income of ¥51.2 billion ($323 million) for the fiscal quarter that ended June, compared with an average analyst estimate of ¥77.1 billion.

Fujifilm Shares Tumble by a Record After Earnings Disappoint Fujifilm Holdings Corp. shares tumbled by the most on record in Tokyo trading after the medical equipment maker reported first-quarter results that fell short of expectations. The shares sank as much as 18%. It reported operating income of ¥51.2 billion ($323 million) for the fiscal quarter that ended June, compared with an average analyst estimate of ¥77.1 billion. The company also said it’s mulling a partial spinoff of its business innovation operations.
Fujifilm Shares Tumble (ORG) Fujifilm Holdings Corp. (ORG) Tokyo (LOCATION)
Originally published by Bloomberg Markets Read original →