Richardson Electronics (RELL) Misses Q1 EPS by 1c, Revenues Miss
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Richardson Electronics Reports First Quarter Fiscal 2020 Net Income and Declares Quarterly Cash Dividend
October 9, 2019 5:00 PM EDTHealthcare and Display Businesses Grow Quarter over Quarter
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 Healthcare and Canvys net sales increased by 26.8% and 1.4%, respectively.Gross margin increased to 31.9% of net sales for the first quarter of fiscal 2020 versus 31.6% of net sales for the prior years first quarter.Operating expenses decreased $0.3 million to $12.8 million for the first... More
