Murata Manufacturing Co. beats Q4 profit estimates and shares surge on AI demand
Updated
Updated · Bloomberg · Apr 30
Murata Manufacturing Co. beats Q4 profit estimates and shares surge on AI demand
8 articles · Updated · Bloomberg · Apr 30
The Kyoto-based company reported net income of ¥76.57 billion ($477 million) for the March quarter, surpassing analysts’ ¥60 billion estimate.
Revenue reached ¥460.62 billion, also exceeding expectations, as strong demand from artificial intelligence data center builders drove performance.
Murata’s shares jumped as much as 8.8% following the earnings announcement, highlighting investor optimism about the company’s AI-related growth prospects.
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