Richardson Electronics Q4 Adj. EPS $0.21 Beats $0.07 Estimate, Sales $66.200M Beat $56.270M Estimate
Richardson Electronics (NASDAQ:RELL) reported quarterly earnings of $0.21 per share which beat the analyst consensus estimate of $0.07 by 200 percent. This is a 75 percent increase over earnings of $0.12 per share from
Richardson Electronics made way more money than experts thought it would—earning $0.21 per share instead of the expected $0.07, and selling more stuff than predicted too. When a company beats expectations by this much, it's a sign the business is doing really well and people might feel more confident about it.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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