From StockStory.: 2025-01-07 16:19:51

Richardson Electronics (NASDAQ:RELL) missed revenue expectations in Q4 CY2024, reporting sales of $49.49 million, up 12.1% YoY. The GAAP loss per share was $0.05, below analysts’ estimates. The company’s operating margin improved to -1.3%. Richardson Electronics is a distributor of power grid and microwave tubes. Sales in the Specialty Equipment Distributors industry have been impacted by economic cycles. Despite the recent revenue growth, the company’s EPS declined by 86.5% over the last two years. Wall Street expects full-year EPS to grow by 2,350% over the next 12 months. After the results, the stock traded down 6.5%.



Read more at StockStory.: Richardson Electronics (NASDAQ:RELL) Misses Q4 Sales Targets, Stock Drops