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Market Update : 
JFE, Fanuc Earnings Drive Stocks Lower
Author: 123jump.com Staff
123jump.com
Last Update: 8:42 AM EDT April 24 2008

Stocks in Japan edged lower after JFE Holdings reported revenue rise of 8.6% and earnings decline of 12.6%. The company also hinted that a sharp rise in raw materials costs from Australia will force it to revise prices of steel products higher and did not give earnings guidance for the rest of the year. Fanuc also estimated 4.6% decline in operating income. The BOJ reported March corporate services price index rose 0.4% after rising 0.7% in February.

 

 

 
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