Richardson Electronics gains after reporting higher quarterly revenue

Shares of engineered solutions provider Richardson Electronics RELL.O rise 14% to $13.46 premarket

RELL reports Q3 revenue of $55.5 mln, rising from $53.8 mln a year prior

Revenue growth due to higher sales in PMT segment, RELL says

Reports Q3 adj. EPS of 7 cents, falling from 11 cents a year ago

Total backlog stands at $151.2 mln, up 11.4% from previous quarter and standing at highest level in nearly three years

As of last close, RELL shares up more than 8% YTD