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November 7, 2005

Nikon Bullish On Profits

Nov.7 - Fresh from the momentum of the D200 announcement, Nikon announced today that they were revising their profit gains for the first half of 2005, citing cost cuts in stepper equipment manufacture and sales of digital cameras. Also, a more bullish forecast on year-end profit was made. Nikon's current first-half profit reached 320B Yen, beating estimates by about 7 percent. Aeveral stock analyst groups see an even larger opportunity for year-end profit despite Nikon's "overweight" rating.

Posted by covey22 at November 7, 2005 2:46 PM