Richardson Electronics (RELL) Releases Quarterly Earnings Results
Richardson Electronics (NASDAQ:RELL) announced its earnings results on Wednesday. The company reported $0.04 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.03 by $0.01, StockRatingsNetwork.com reports. The company had revenue of $35.40 million for the quarter, compared to the consensus estimate of $35.50 million.
Richardson Electronics (NASDAQ:RELL) traded up 2.16% during mid-day trading on Wednesday, hitting $11.81. The stock had a trading volume of 43,890 shares. Richardson Electronics has a 1-year low of $10.67 and a 1-year high of $12.48. The stock’s 50-day moving average is $11.19 and its 200-day moving average is $11.40. The company has a market cap of $166.1 million and a price-to-earnings ratio of 68.00.
Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes and related components, and customized displays solutions, serving customers in the alternative energy, aviation, broadcast, communications, industrial, marine, medical, military, scientific, and semiconductor markets.
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