Renesas Electronics (RNECY) Projected to Announce Quarterly Earnings on Friday

Renesas Electronics (OTCMKTS:RNECY) is expected to be issuing its resultson Friday, July 31st. Analysts expect Renesas Electronics to announce earnings of $0.1784 per share and revenue of $2.4508 billion for the quarter.

Renesas Electronics (OTCMKTS:RNECY) last posted its earnings results on Friday, April 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $29.82 by ($29.70). The company had revenue of $2.39 billion during the quarter, compared to analyst estimates of $373.76 billion.

Renesas Electronics Stock Down 4.0%

Shares of RNECY opened at $12.40 on Friday. Renesas Electronics has a twelve month low of $5.50 and a twelve month high of $16.20. The firm’s 50 day moving average price is $13.74 and its two-hundred day moving average price is $10.43.

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.