By Justina Lee
Fujifilm Holdings Corp. shares rose Friday after the company raised its full-year earnings forecast, following strong quarterly results on higher sales of medical equipment and electronic materials.
The shares rose as much as 11% to 7,543 yen in early trade, and were recently 9.4% higher.
The company posted net profit of 53.8 billion yen ($381.6 million) for the second quarter ended Sept. 30, up from Y39.0 billion a year earlier, it said after the market closed Thursday.
Revenue rose 16% to Y724.0 billion, supported by higher sales, mainly in the medical systems and electronic materials businesses.
The company raised its full-year earnings guidance, citing a weaker yen.
Fujifilm expects net profit to rise 2.6% to Y200.0 billion, up from its previous view of Y195.00 billion, and for revenue to increase 3.7% to Y2.800 trillion, from Y2.700 trillion projected previously.
Write to Justina Lee at justina.lee@wsj.com
(END) Dow Jones Newswires
11-10-22 2013ET