Richardson Electronics Fiscal Q2 Loss Narrows, Sales Rise; Maintains Quarterly Dividend

MT Newswires Live
01-08

Richardson Electronics (RELL) reported a fiscal Q2 loss of $0.05 per diluted share, narrower than a loss of $0.13 a year earlier.

One analyst polled by FactSet expected a loss of $0.07.

Net sales for the quarter ended Nov. 30 was $49.5 million, up from $44.1 million a year earlier.

Two analysts polled by FactSet expected $51.3 million.

The electronics manufacturer said its board maintained a quarterly dividend of $0.06 per share, payable on Feb. 26 to shareholders of record on Feb. 7.

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