Richardson Electronics (RELL) Surpasses Q3 Earnings Estimates

Richardson Electronics (RELL) came out with quarterly earnings of $0.05 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 150%. A quarter ago, it was expected that this electronic components and communication products company would post earnings of $0.01 per share when it actually produced a loss of $0.13, delivering a surprise ...