Richardson Electronics Reports First Quarter Fiscal 2020 Net Income and Declares Quarterly Cash Dividend
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Richardson Electronics (RELL) Misses Q1 EPS by 1c, Revenues Miss
October 9, 2019 5:06 PM EDTRichardson Electronics (NASDAQ: RELL) reported Q1 EPS of $0.01, $0.01 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $40.7 million versus the consensus estimate of $42 million.
Highlights
Net sales for the first quarter of fiscal 2020 of $40.7 million, down 7.9% from last years first quarter, primarily from the decline in the PMT semiconductor wafer fab equipment business.Richardson... More