Richardson Electronics (RELL) Reports Q2 EPS of $0.01

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Go back to Richardson Electronics (RELL) Reports Q2 EPS of $0.01

Richardson Electronics Reports Second Quarter Fiscal 2018 Profit and Declares Quarterly Cash Dividend

January 10, 2018 5:00 PM EST

LAFOX, Ill., Jan. 10, 2018 (GLOBE NEWSWIRE) -- Richardson Electronics, Ltd. (NASDAQ: RELL) today reported financial results for its second quarter ended December 2, 2017. The Company also announced that its Board of Directors declared a $0.06 per share quarterly cash dividend.

Second Quarter Results

Net sales for the second quarter of fiscal 2018 increased 15.5% to $39.1 million compared to net sales of $33.8 million in the prior years second quarter. Sales increased $4.8 million for PMT and $1.3 million for Canvys. PMT sales were higher in power grid tubes, power conversion and RF and... More