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: Muted Guidance Overshadows Upside From Japan Autos and Europe; Shares Cheap

Renesas' June-quarter revenue was JPY 325 billion, up 5% sequentially. Gross margin was flat from the prior quarter at 55.7%. Though June-quarter figures were above guidance, shares fell 5% as management remained cautious on the second-half outlook.

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