Renesas Electronics (OTCMKTS:RNECY) Announces Quarterly Earnings Results, Misses Estimates By $29.70 EPS
by Tristan Rich · The Markets DailyRenesas Electronics (OTCMKTS:RNECY – Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.82 by ($29.70), reports. The business had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $373.76 billion.
Renesas Electronics Price Performance
Shares of OTCMKTS RNECY traded down $0.47 during midday trading on Friday, reaching $9.81. 130,292 shares of the stock were exchanged, compared to its average volume of 603,908. The firm has a 50-day simple moving average of $8.39 and a two-hundred day simple moving average of $7.39. Renesas Electronics has a twelve month low of $5.50 and a twelve month high of $10.41.
About Renesas Electronics
Renesas Electronics (OTCMKTS:RNECY) is a global semiconductor manufacturer specializing in microcontrollers, system-on-chip (SoC) devices, analog and power management solutions. The company’s products are designed to address a wide range of applications in automotive electronics, industrial automation, consumer devices, and communications infrastructure. Renesas leverages its expertise in embedded processing and mixed-signal technologies to deliver integrated solutions that help customers reduce development time and improve energy efficiency.
The company’s product portfolio includes 32-bit and 16-bit microcontrollers, application processors, analog and power discrete devices, and sensor interface ICs.