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.
