Market Overview

Renesas Electronics Posts Narrower FQ3 Loss, Lowers Forecast


Renesas Electronics Corp (OTC: RNECF) reported a narrower net loss for the fiscal third quarter and cut its earnings forecast for this fiscal year ending March.

Renesas Electronics posted a net loss of Y2.41 billion, versus a year-ago net loss of Y17.58 billion. Its sales dropped 19% to Y222.86 billion, from Y275.17 billion. It posted an operating loss of Y3.97 billion, versus a year-ago profit of Y3.41 billion.

Renesas Electronics now projects a net loss of Y57 billion, versus a net loss of Y40 billion. It also lowered its sales forecast to Y885 billion from Y968 billion.

Posted-In: EarningsEarnings News Guidance


Related Articles (RNECF)

View Comments and Join the Discussion!
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Daily Analyst Rating
A summary of each day’s top rating changes from sell-side analysts on the street.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at

BSkyB First-Half Net Profit Rises 8.4%

Fujitsu Posts FQ3 Loss, Cuts Outlook