Optical glass maker Hoya Corp. reported that first-quarter operating profit fell less than analysts forecast on higher earnings from lenses.
Operating profit, or sales minus administrative expenses and the cost of goods sold, declined 3.5 percent to ¥21.9 billion in the three months ended June 30, Tokyo-based Hoya said Monday. That beat the ¥20.6 billion median estimate in a survey of six analysts.
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