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That was below the average estimate of 57 cents a share among analysts polled by FactSet.
For the year, the company forecast revenue of about $295 million, below the average estimate of $300.7 million.
It expects earnings of 65 cents to 68 cents a share, below the average estimate of 82 cents from nine analysts surveyed by First Call/ Thomson Financial.
This was below the average estimate of 4.8 percent in a Reuters poll of six analysts and in the company-compiled consensus of analysts.
That would be a sharp drop from $5.34 a share in 2011 and is well below the average estimate by analysts of $4.90 a share for 2012.
Canon's operating profit for the three months that ended Dec. 31 fell 17.9 percent, to ¥77.7 billion, or $853 million, below the average estimate of ¥100.9 billion among seven analysts surveyed by Thomson Reuters I/B/E/S.
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Qualcomm, Inc.: Bearish investors took action on wireless equipment maker Qualcomm right out of the gate this morning after the firm lowered its 2010 sales outlook and forecast second-quarter earnings below the average estimates of analysts.
The forecast, below the $3.40 average estimate of analysts polled by Thomson Financial/First Call, comes after Merck missed its own estimates for this year.
The results were below the $10.7 billion average estimate of analysts.
That was below the $7.57 billion average estimate of 10 analysts.
That falls below the $1.55 average estimate of analysts polled by First Call.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com