Today evening at the end of the trading session, Richardson Electronics, Ltd. (NASDAQ: RELL) disclosed its earnings report, giving investors an overview of the company's performance during the first quarter.
As detailed in the first quarter report, the firm disclosed income of $0.04 per share, which coincided with total revenues of $53.73 million for the same three-month duration.
The results exceeded the wall street projected $0.01 loss per share considering the $49.45 million in revenues.
The revenues climbed 2.18 percent, while per share profit contracted 55.56 percent relative to the first quarter of last year.
The Board of Directors of Richardson Electronics declared a $0.06 quarterly cash dividend per share to holders of common stock and a $0.054 cash dividend per share to holders of Class B common stock. The dividend will be payable on November 27, 2024, to common stockholders of record as of November 8, 2024.
Richardson Electronics (RELL) experienced a trading range of $12.55 to $13.05, along with a total volume of 72.40 thousand shares during the day. The stock concluded the regular trading session at $12.91, demonstrating an upturn of 3.36 percent.
