Richardson Electronics (RELL) Reports Q2 Loss, Misses Revenue Estimates

Richardson Electronics (RELL) came out with a quarterly loss of $0.13 per share versus the Zacks Consensus Estimate of $0.01. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1,400%. A quarter ago, it was expected that this electronic components and communication products company would post earnings of $0.03 per share when it actually produced earnings of $0.09, delivering a surprise of 200%. ...