Renesas Electronics Corp

6723: XTKS (JPN)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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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.

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