Nikon Stock sores on Earning Announcement

[anubis]

http://www.bloomberg.com/apps/news?pid=20601101&sid=apj3g9DNBsW0&refer=japan

"Nikon's Prospects

Nikon Corp., the world's second-biggest maker of single-lens reflex cameras, soared 200 yen, or 5.5 percent, to 3,820. Satomi Ushioda, an analyst at Nikko Citigroup, increased the target price for Nikon's stock by 31 percent to 4,400 yen. The company reported a 59 percent jump in net income after the close of trading.

``We expect Nikon to continue leading shipment growth of single-lens reflex cameras worldwide,'' Ushioda wrote in a report dated yesterday. The analyst also raised the estimate for Nikon's annual operating profit by 9.6 percent because of the weaker yen and ``better-than-expected shipments'' of SLR cameras and interchangeable lenses. "

Bloomberg...

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THis month.... at least one new body (according to jeff-c accurate predicter of release dates for D2Xs, D200, 18-200 VR, of course none of these guys are talking specs).

[Onyx]

If they expect to keep selling bodies, does that mean new products and/or targetting a new user base?

It should be no surprise to any Nikon user - they offer superior products to their competitors at any price point.

And idiotic stock market movement shoudn't be surprising either.

[anubis]

Spend a few million with Nikko Citigroup and I'm sure Mr Ushioda will tell you..

Having said that the D40 has had phenomenal success in almost all markets... an excellent play by Nikon afta the D200.