Richardson Electronics (RELL) Misses Q2 EPS by 7c, Revenues Miss

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Go back to Richardson Electronics (RELL) Misses Q2 EPS by 7c, Revenues Miss

Richardson Electronics Reports Second Quarter Fiscal 2020 Results and Declares Quarterly Cash Dividend

January 8, 2020 5:00 PM EST

Q2 FY20 Highlights

Net sales of $39.6 million were down 4.1% from last years second quarter, primarily from economic softness in the PMT power grid tube business and a slow ramp up in sales in the semiconductor wafer fab equipment business. In addition, Healthcare sales were down overall due to soft equipment sales in Latin America.These declines were partially offset by significantly increased sales for our PMG products. Also, Canvys sales increased by 20.9% and Healthcare CT tube sales were up by... More