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

Richardson Electronics

19/07/2023 23:01

* Richardson Electronics Ltd  RELL.OQ  reported quarterly
adjusted
earnings of 27 cents​​ per share for the quarter ended in May.
The lone analyst forecast for the quarter was for earnings of 19
cents per share.
    * Revenue fell 4.5% to $58.83 million from a year ago;
analysts
expected $61.50 million. 
    * Richardson Electronics Ltd's reported EPS for the quarter
was 27
cents​.
    * The mean earnings estimate of analysts was unchanged 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 fallen by 3.2% this
quarter and lost 25.1% so far this year.
    * The company reported quarterly net income of $4.12
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 July
19 at 10:01 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 May. 31 2023      0.19           0.27           Beat
 Feb. 28 2023      0.38           0.44           Beat
 Nov. 30 2022      0.29           0.39           Beat
 Aug. 31 2022      0.24           0.45           Beat