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

Richardson Electronics

04/01/2023 23:01

* Richardson Electronics Ltd  RELL.OQ  reported quarterly
adjusted
earnings of 39 cents​​ per share for the quarter ended in
November. The lone analyst forecast for the quarter was
for earnings of 29 cents per share.
    * Revenue rose 22.1% to $65.91 million from a year ago;
analysts
expected $64.50 million. 
    * Richardson Electronics Ltd's reported EPS for the quarter
was 39
cents​.
    * The mean earnings estimate of analysts had risen by
about 11.5%
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 1.3% this
quarter.
    * The company reported quarterly net income of $5.55
million.
    * Wall Street's median 12-month price target for Richardson
Electronics Ltd is $26.00 

This summary was machine generated from Refinitiv data January 4
at 11:01 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Nov. 30 2022      0.29           0.39           Beat
 Aug. 31 2022      0.24           0.45           Beat
 May. 31 2022      0.35           0.59           Beat