Mark your calendars for Wednesday 9th October 2024, as Richardson Electronics (NASDAQ: RELL) will be revealing its first quarter financial results. This highly awaited announcement is scheduled to take place after market close, pave the way to review a period of expectation and anticipation.
The latest projections from financial analysts on Wall Street suggest that the business is likely to reveal an estimated $0.01 loss per share for the quarter. Additionally, the company is expected to announce revenueS of $49.44 million for the period.
In the same quarter of the previous year, the company's financial statement revealed a per-share income of $0.09. Additionally, the company's overall revenue for that particular period was an impressive $52.58 million.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $220 million. Additionally, they are expecting the company to report profit of $0.44 per share for the fiscal year 2025.
The business has scheduled a conference call on 10th October 2024 at 10:00 AM eastern time to discuss Q1 financial results.
Richardson Electronics (RELL) closed Friday's regular trading session at $12.28, indicating a 1.82 percent gain. The stock fluctuated between $12.08 and $12.31 during the day, with a volume of 18.90 thousand shares.
