Richardson Electronics (RELL) Reports Q3 Loss of $0.21

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Go back to Richardson Electronics (RELL) Reports Q3 Loss of $0.21

Richardson Electronics Reports Third Quarter Fiscal 2016 Results and Declares Quarterly Cash Dividend

April 6, 2016 4:10 PM EDT

The Company Continues to Invest in Long Term Growth and Improved Profitability

LAFOX, Ill.--(BUSINESS WIRE)-- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its third quarter ended February 27, 2016. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.

Net sales for the third quarter of fiscal 2016 were $31.3 million, a 6.5% decrease, compared to net sales of $33.5 million in the prior year. The sales decrease primarily reflects declines in the PMT business due to uncontrollable delays in shipping... More