Renesas Electronics is trading 4.67% up at €21.30 after investors continued rewarding its July 31 Q2 performance, which exceeded company guidance.
- Revenue and operating profit benefited from strong automotive and data-center chip demand, improved margins, and favorable foreign exchange.
- Management said earthquake damage should have limited earnings impact.
- Broader Asian equities strengthened, including a 2.0% rise in Japan’s Nikkei.