UPDATE: Richardson Electronics (RELL) Reports Q1 Loss Per Share of 10c, Offers Outlook
Get Alerts RELL Hot Sheet
EPS Growth %: -88.6%
Financial Fact:
Gross profit: 10.24M
Today's EPS Names:
SFST, VLTO, CLIR, More
Join SI Premium – FREE
(Updated - October 7, 2015 5:24 PM EDT)
Richardson Electronics (NASDAQ: RELL) reported a Q1 loss per share of $0.10, compared to a loss of $0.01 last year. Revenue for the quarter came in at $37.1 million versus the consensus estimate of $35.8 million.
OUTLOOK
“We are pleased with the IMES transaction that closed during the first quarter. The integration of IMES is going well, and our expanded management team is aggressively pursuing new business opportunities,” said Edward J. Richardson, Chairman, Chief Executive Officer, and President. “Our multi-pronged growth strategy will enable us to increase our product offering, enhance our service capabilities, and expand our customer base while taking advantage of our existing global infrastructure. We will continue to evaluate acquisition targets and make prudent investments in our growth initiatives. We look forward to improving our operating performance, delivering enhanced customer service and returning value to our shareholders,” Mr. Richardson concluded.
For earnings history and earnings-related data on Richardson Electronics (RELL) click here.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Lockheed Martin (LMT) Tops Q1 EPS by 53c, Beats on Revenue; Offers FY24 Guidance
- Philip Morris (PM) beats Q1 earnings, revenue estimates; issues upbeat guidance
- W.R. Berkley (WRB) Tops Q1 EPS by 13c
Create E-mail Alert Related Categories
Earnings, Guidance, Management CommentsRelated Entities
Earnings, Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!