Yahoo Finance Richardson Electronics Third Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
Richardson Electronics (NASDAQ:RELL) Third Quarter 2024 Results
Key Financial Results
Revenue: US$52.4m (down 26% from 3Q 2023).
Net income: US$750.0k (down 88% from 3Q 2023).
Profit margin: 1.4% (down from 9.0% in 3Q 2023). The decrease in margin was driven by lower revenue.
EPS: US$0.053 (down from US$0.45 in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Richardson Electronics EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 6.5%. Earnings per share (EPS) exceeded analyst estimates by 150%.
Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Electronic industry in the US.
Performance of the American Electronic industry.
The company's shares are up 19% from a week ago.
Risk Analysis
You should learn about the 2 warning signs we've spotted with Richardson Electronics.
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