Richardson Electronics Reports Second Quarter Fiscal 2020 Results and Declares Quarterly Cash Dividend

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Go back to Richardson Electronics Reports Second Quarter Fiscal 2020 Results and Declares Quarterly Cash Dividend

Richardson Electronics (RELL) Misses Q2 EPS by 7c, Revenues Miss

January 8, 2020 5:07 PM EST

Richardson Electronics (NASDAQ: RELL) reported Q2 EPS of ($0.05), $0.07 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $39.6 million versus the consensus estimate of $41 million.

Net sales of $39.6 million were down 4.1% from last years second quarter, primarily from economic softness in the PMT... More