Canon boosts 2017 profit forecast following strong Q1 financial results

Canon'srecent acquisition of Toshiba's medical equipment unit has helped spur strong first fiscal quarterly financial results for the camera company, and as a result it has increased its full 2017 operating profit forecast. In January, Canon estimated that it would see a yearly profit of 255 billion Yen; following the favorableQ1 2017 results, the company now estimates the profits will be higher at 270 billion Yen. However,the company's outlook on2017 camera unit sales are gloomier, withILC unit...