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

Richardson Electronics

10/01/2024 23:01

* Richardson Electronics Ltd  RELL.OQ  reported a quarterly
adjusted loss of 13 cents​​ per share for the quarter ended in
November, lower than the same quarter last year, when the
company reported EPS of 39 cents.  The lone analyst forecast for
the quarter was for earnings of one cent per share. 
    * Revenue fell 33% to $44.13 million from a year ago;
analysts
expected $52.00 million. 
    * Richardson Electronics Ltd's reported EPS for the quarter
was a
loss of 13 cents​.
    * Richardson Electronics Ltd shares had fallen by 5.4% this
quarter.

FORECAST CHANGES
    * 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.

RECOMMENDATIONS
    * 
    * Wall Street's median 12-month price target for Richardson
Electronics Ltd is $26.00 

This summary was machine generated from LSEG data January 10 at
11:01 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
 Nov. 30 2023      0.01           -0.13          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