• Richardson Electronics Ltd RELL.OQ reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended February 28, higher than the same quarter last year, when the company reported EPS of 5 cents. The mean expectation of two analysts for the quarter was for earnings of 11 cents per share. Wall Street expected results to range from 10 cents to 11 cents per share.

• Revenue rose 2.7% to $53.80 million from a year ago; analysts expected $54.74 million.

• Richardson Electronics Ltd's reported EPS for the quarter was a loss of 15 cents​.

• The company reported a quarterly loss of $2.76 million.

• Richardson Electronics Ltd shares had fallen by 18.1% this quarter and lost 34.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 16% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the electronic equipment & parts peer group is also "hold"

• Wall Street's median 12-month price target for Richardson Electronics Ltd is $14.50

This summary was machine generated from LSEG data April 9 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)