Richardson Electronics Q4 EPS $0.11 Misses $0.19 Estimate, Sales $58.83M Miss $61.50M Estimate
Portfolio Pulse from Bill Haddad
Richardson Electronics (NASDAQ:RELL) reported Q4 earnings of $0.11 per share, missing the analyst consensus estimate of $0.19 by 42.11%. This is a 64.52% decrease from the same period last year. The company also reported quarterly sales of $58.83 million, missing the analyst consensus estimate of $61.50 million by 4.34%. This is a 4.54% decrease from the same period last year.
July 19, 2023 | 8:23 pm
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Richardson Electronics reported lower than expected Q4 earnings and sales, with a significant YoY decrease. This could negatively impact the company's stock price in the short term.
Richardson Electronics reported a significant decrease in earnings and sales compared to the same period last year, and also missed analyst estimates. This is likely to negatively impact investor sentiment and could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100