Richardson Electronics Q1 EPS $0.04 Beats $(0.01) Estimate, Sales $53.73M Beat $49.45M Estimate
Portfolio Pulse from Benzinga Newsdesk
Richardson Electronics (NASDAQ:RELL) reported Q1 earnings of $0.04 per share, beating the $(0.01) estimate, and sales of $53.73M, surpassing the $49.45M estimate. Despite a 55.56% decrease in EPS from last year, sales increased by 2.18%.
October 09, 2024 | 8:16 pm
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Richardson Electronics reported better-than-expected Q1 earnings and sales, with EPS of $0.04 beating estimates by 500% and sales of $53.73M exceeding expectations by 8.66%. However, EPS decreased by 55.56% compared to last year.
The positive earnings surprise and sales beat are likely to have a favorable impact on RELL's stock price in the short term. Although EPS decreased compared to last year, the significant beat on estimates suggests strong performance relative to expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100