Renesas Electronics Corp
6723: XTKS (JPN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|YC | LOCK|jtT%S | LOCK|J! |
Renesas Earnings: Shares Attractive Despite Muted Automotive Numbers; JPY 2,390 Valuation Retained
Renesas Electronics' September-quarter revenue was JPY 335 billion, up 3% sequentially. Gross margin was up 162 basis points from the prior quarter at 57.3%. Though the figures met guidance, shares fell 4% due to a cautious outlook on automotive recovery.
