Richardson Electronics (RELL) Announces Quarterly Earnings Results

Richardson Electronics (NASDAQ:RELL) issued its quarterly earnings data on Wednesday. The technology company reported $0.01 EPS for the quarter, Bloomberg Earnings reports. Richardson Electronics had a negative net margin of 2.98% and a negative return on equity of 3.16%. The business had revenue of $39.08 million during the quarter.

Richardson Electronics (NASDAQ:RELL) traded up $1.03 during mid-day trading on Thursday, hitting $7.96. 162,555 shares of the stock traded hands, compared to its average volume of 10,491. Richardson Electronics has a 1 year low of $5.31 and a 1 year high of $8.20. The stock has a market capitalization of $102.28, a price-to-earnings ratio of -24.12 and a beta of 0.74.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 22nd. Stockholders of record on Friday, February 9th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, February 8th. This represents a $0.24 annualized dividend and a dividend yield of 3.02%. Richardson Electronics’s payout ratio is -72.73%.

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About Richardson Electronics

Richardson Electronics, Ltd. is a provider of engineered solutions, power grid and microwave tubes, and related consumables; power conversion, and radio frequency (RF) and microwave components; high value displays, flat panel detector solutions and replacement parts for diagnostic imaging equipment, and customized display solutions.

Earnings History for Richardson Electronics (NASDAQ:RELL)

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