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The latest announcement is out from Murata Manufacturing Co ( (JP:6981) ).
Murata Manufacturing Co. reported a 3.0% decline in revenue and a 17.2% drop in operating profit for the third quarter of FY2024, attributed to seasonal smartphone market demand and decreased sales in home electronics components. Despite these declines, the company maintained its full-year projections due to strong demand for AI server components and favorable currency depreciation, indicating stability in its market positioning.
More about Murata Manufacturing Co
Murata Manufacturing Co., Ltd. operates in the electronics industry, focusing on the production of components such as capacitors and lithium-ion secondary batteries, primarily serving markets like smartphones and home electronics.
YTD Price Performance: -15.00%
Average Trading Volume: 6,737
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $28.93B
For a thorough assessment of 6981 stock, go to TipRanks’ Stock Analysis page.