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

Richardson Electronics

10/04/2024 23:01

* Richardson Electronics Ltd  RELL.OQ  reported quarterly
adjusted
earnings of 5 cents​​ per share for the quarter ended in
February, lower than the same quarter last year, when the
company reported EPS of 44 cents.  The lone analyst forecast for
the quarter was for earnings of 2 cents per share. 
    * Revenue fell 25.6% to $52.38 million from a year ago;
analysts
expected $56.00 million. 
    * Richardson Electronics Ltd's reported EPS for the quarter
was 5
cents​.
    * Richardson Electronics Ltd shares had risen by 1.5% this
quarter and lost 30.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 75%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 
    * Wall Street's median 12-month price target for Richardson
Electronics Ltd is $10.00 

This summary was machine generated from LSEG data April 10 at
10:01 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Feb. 29 2024      0.02           0.05           Beat
 Nov. 30 2023      0.01           -0.13          Missed
 Aug. 31 2023      0.03           0.09           Beat
 May. 31 2023      0.19           0.27           Beat