The earthquakes in Japan cause a drop in quarterly earnings.
Wacom Co., a manufacturer of touch-based graphic tablets and pens with U.S. operations headquartered in Vancouver, reported a 21 percent year-over-year drop in U.S. sales and 6.2 percent drop worldwide for the fiscal quarter ending June 30. The company recorded about $21.2 million in U.S. sales and $92.3 million worldwide for the quarter.
The Japanese company’s quarterly earnings report, issued last week, attributed the drop to the lingering impact of the March 11 Japan earthquake on manufacturing, the rising value of the Japanese yen, and a change in its product line that dampened sales.
via columbian.com
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