Richardson Electronics Ltd. (NASDAQ:RELL) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. Adjusted Earnings Per Share decreased 55.56% to $0.04 in the quarter versus EPS of $0.09 in the year-earlier quarter. Revenue Decreased 12.34% to $33.6 million from the year-earlier quarter.
Richardson Electronics Ltd. reported adjusted EPS income of $0.04 per share. By that measure, the company missed the mean analyst estimate of $0.06. It missed the average revenue estimate of $39 million.