Richardson Electronics Ltd reports results for the quarter ended in August - Earnings Summary

Richardson Electronics

12/10/2023 04:29

* Richardson Electronics Ltd  RELL.OQ  reported quarterly
adjusted
earnings of 9 cents​​ per share for the quarter ended in August.
The lone analyst forecast for the quarter was for earnings of 3
cents per share.
    * Revenue fell 22.2% to $52.58 million from a year ago;
analysts
expected $51.10 million. 
    * Richardson Electronics Ltd's reported EPS for the quarter
was 9
cents​.
    * The mean earnings estimate of analysts had fallen by
about 80%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Richardson Electronics Ltd shares had risen by 2.0% this
quarter and lost 47.7% so far this year.
    * Wall Street's median 12-month price target for Richardson
Electronics Ltd is $26.00 

This summary was machine generated from LSEG Refinitiv data
October 12 at 03:29 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Aug. 31 2023      0.03           0.09           Beat
 May. 31 2023      0.19           0.27           Beat
 Feb. 28 2023      0.38           0.44           Beat
 Nov. 30 2022      0.29           0.39           Beat