Richardson Electronics Q4 2024 Adj EPS $0.02 Beats $(0.04) Estimate, Sales $47.374M Miss $48.010M Estimate
Portfolio Pulse from Benzinga Newsdesk
Richardson Electronics (NASDAQ:RELL) reported Q4 2024 adjusted EPS of $0.02, beating the analyst estimate of $(0.04) by 150%. However, sales of $47.374 million missed the $48.010 million estimate and were down 19.48% year-over-year.
July 24, 2024 | 8:47 pm
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Richardson Electronics reported better-than-expected EPS of $0.02, beating the $(0.04) estimate, but missed on sales, reporting $47.374 million against the $48.010 million estimate. Sales were also down 19.48% year-over-year.
The positive EPS surprise is offset by the sales miss and significant year-over-year decline in revenue. This mixed result is likely to have a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100