Murata Manufacturing Shares Jump After Guidance Upgrade

By Kosaku Narioka

Murata Manufacturing’s shares rose sharply after the Japanese electronics-parts maker posted stronger-than-expected second-quarter results and raised its full-year profit forecast due to cost cuts and a weaker yen.

The shares were recently 9.7% higher at 2,718.0 yen after rising as much as 14% earlier Wednesday.

Murata…

Read the full article here