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

Richardson Electronics

05/04/2023 22:01

* Richardson Electronics Ltd  RELL.OQ  reported quarterly
adjusted
earnings of 44 cents​​ per share for the quarter ended in
February. The lone analyst forecast for the quarter was
for earnings of 38 cents per share.
    * Revenue rose 27.2% to $70.36 million from a year ago;
analysts
expected $70.20 million. 
    * Richardson Electronics Ltd's reported EPS for the quarter
was 44
cents​.
    * The mean earnings estimate of analysts had risen by
about 35.7%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates 
    * Richardson Electronics Ltd shares had fallen by 2.8% this
quarter and gained 1.7% so far this year.
    * The company reported quarterly net income of $6.34
million.
    * Wall Street's median 12-month price target for Richardson
Electronics Ltd is $26.00 

This summary was machine generated from LSEG Refinitiv data
April 5 at 09:00 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 28 2023      0.38           0.44           Beat
 Nov. 30 2022      0.29           0.39           Beat
 Aug. 31 2022      0.24           0.45           Beat
 May. 31 2022      0.35           0.59           Beat