Richardson Electronics: Q2 Earnings Insights

Richardson Electronics RELL reported its Q2 earnings results on Wednesday, January 10, 2024 at 04:15 PM.

Here's what investors need to know about the announcement.

Richardson Electronics missed estimated earnings by 1400.0%, reporting an EPS of $-0.13 versus an estimate of $0.01.

Revenue was down $21.77 million from the same period last year.

Last quarter the company beat on EPS by $0.06 which was followed by a 6.0% drop in the share price the next day.

Here's a look at Richardson Electronics's past performance:

Quarter	Q1 2024	Q4 2023	Q3 2023	Q2 2023
EPS Estimate	0.03	0.19	0.38	0.29
EPS Actual	0.09	0.11	0.44	0.39
Revenue Estimate	51.10M	61.50M	70.20M	64.50M
Revenue Actual	52.58M	58.83M	70.36M	65.91M

To track all earnings releases for Richardson Electronics visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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