<p>Wall Street is optimistic about Canon, which is slated to report its third quarter results on Thursday, October 24, 2013. Analysts project a profit of 65 cents a share, a rise from 55 cents per share a year ago.</p><p>For the fiscal year, analysts are projecting earnings of $2.38 per share. Revenue is projected to be $39.27 billion for the quarter, 282% above the year-earlier total of $10.28 billion. For the year, revenue is expected to come in at $39.27 billion.</p><p>Revenue has dropped in the past two quarters. Revenue dropped by 5% year-over-year to $9.82 billion in the second quarter. The quarter before that, revenue dropped 14%.</p><p>Net income increased in the second quarter, snapping a two-quarter streak of falling profit. In the most recent quarter, net income increased 5%. Going back two more quarters, the company saw profit decreases:42% in the first quarter and 37% in the fourth quarter.</p><p><a href="http://www.forbes.com/sites/narrativescience/2013/10/22/canon-caj-earnings-expected-to-rise/">Keep reading...</a></p>