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Richardson Electronics: Q2 Earnings Insights

Author: Benzinga Insights | January 10, 2024 05:25pm

Richardson Electronics (NASDAQ:RELL) reported its Q2 earnings results on Wednesday, January 10, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Earnings

Richardson Electronics missed estimated earnings by 1400.0%, reporting an EPS of $-0.13 versus an estimate of $0.01.

Revenue was down $21.77 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.06 which was followed by a 6.0% drop in the share price the next day.

Here's a look at Richardson Electronics's past performance:

Quarter Q1 2024 Q4 2023 Q3 2023 Q2 2023
EPS Estimate 0.03 0.19 0.38 0.29
EPS Actual 0.09 0.11 0.44 0.39
Revenue Estimate 51.10M 61.50M 70.20M 64.50M
Revenue Actual 52.58M 58.83M 70.36M 65.91M

To track all earnings releases for Richardson Electronics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: RELL

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