Richardson Electronics (RELL) Reports Q1 Loss of $0.01/Share

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Go back to Richardson Electronics (RELL) Reports Q1 Loss of $0.01/Share

Richardson Electronics Reports First Quarter Fiscal 2018 Results and Declares Quarterly Cash Dividend

October 11, 2017 5:00 PM EDT

LAFOX, Ill., Oct. 11, 2017 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its first quarter ended September 2, 2017. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.

First Quarter Results

Net sales for the first quarter of fiscal 2018 were $37.0 million compared to net sales of $33.4 million in the prior years first quarter. There were 14 weeks in the first quarter of fiscal 2018 compared to 13 weeks last year. Sales increased $3.7 million for PMT and $1.1 million for... More