Richardson Electronics Ltd. (RELL) Issues Earnings Results, Misses Expectations By $0.14 EPS
Richardson Electronics Ltd. (NASDAQ:RELL) issued its earnings results on Wednesday. The company reported ($0.20) EPS for the quarter, missing analysts’ consensus estimates of ($0.06) by $0.14. Richardson Electronics had a negative net margin of 4.76% and a negative return on equity of 4.68%. The firm earned $33.40 million during the quarter, compared to the consensus estimate of $37.60 million.
Shares of Richardson Electronics (NASDAQ:RELL) opened at 6.92 on Thursday. Richardson Electronics has a 12 month low of $4.71 and a 12 month high of $7.24. The company’s market capitalization is $88.87 million. The company has a 50-day moving average price of $6.84 and a 200-day moving average price of $5.78.
Separately, TheStreet raised Richardson Electronics from a “sell” rating to a “hold” rating in a research report on Thursday, August 25th.
Richardson Electronics Company Profile
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes and related consumables; power conversion and radio frequency (RF) and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment, and customized display solutions.
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