UPDATE: Richardson Electronics (RELL) Reports Q1 Loss Per Share of 10c, Offers Outlook

October 7, 2015 5:03 PM EDT
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Price: $8.82 +3.04%

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Total other expense: 266K

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(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.



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