Richardson Electronics Q3 EPS $0.11 Beats $0.10 Estimate, Sales $53.80M Miss $54.73M Estimate

Richardson Electronics (NASDAQ:RELL) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $0.10 by 10 percent. This is a 120 percent increase over earnings of $0.05 per share from the same period last year. The company reported quarterly sales of $53.80 million which missed the analyst consensus estimate of $54.73 million by 1.70 percent. This is a 2.73 percent increase over sales of $52.38 million the same period last year.