Richardson Electronics Ltd reports results for the quarter ended November 30 - Earnings Summary

• Richardson Electronics Ltd RELL.OQ reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended November 30, higher than the same quarter last year, when the company reported EPS of -13 cents. The mean expectation of two analysts for the quarter was for a loss of 2 cents per share. Wall Street expected results to range from -7 cents to 3 cents per share.

• Revenue rose 12.1% to $49.49 million from a year ago; analysts expected $51.31 million.

• Richardson Electronics Ltd's reported EPS for the quarter was a loss of 5 cents​.

• The company reported a quarterly loss of $751 thousand.

• Richardson Electronics Ltd shares had risen by 6.0% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 126.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the electronic equipment & parts peer group is also "buy"

Wall Street's median 12-month price target for Richardson Electronics Ltd is $15.50

This summary was machine generated from LSEG data January 7 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)