Richardson Electronics (RELL) Reports Q2 Loss, Misses Revenue Estimates
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Richardson Electronics (RELL) reported a Q2 loss of $0.05 per share, missing the Zacks Consensus Estimate of a $0.02 loss. This is an improvement from the $0.13 loss per share a year ago.
January 07, 2025 | 11:45 pm
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Richardson Electronics reported a Q2 loss of $0.05 per share, missing the expected loss of $0.02. Despite missing estimates, the loss is an improvement from the previous year's $0.13 per share.
The reported loss per share of $0.05 was worse than the expected loss of $0.02, which is likely to negatively impact the stock price in the short term. However, the improvement from last year's $0.13 loss per share may mitigate some negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100