Richardson Electronics Q2 earnings surpass estimates at $0.04/share, with revenue at $53.73M, and StockNews upgrades rating to "hold".
Richardson Electronics (NASDAQ: RELL) reported Q2 earnings of $0.04 per share, exceeding estimates by $0.05. Revenue reached $53.73 million, surpassing the $49.45 million forecast. The company announced a quarterly dividend of $0.06 per share, yielding 1.91%. StockNews.com upgraded its rating from "sell" to "hold." Richardson specializes in engineered solutions, power grid, and microwave tube products, with a market cap of $181.19 million.
October 11, 2024
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