Richardson Electronics Ltd. (RELL) Wednesday reported a decline in third-quarter profit, due mainly to lower revenues.
Net income for the period plunged to $1.3 million or $0.08 per share from $8.2 million or $0.44 per share in the year-earlier quarter.
Net revenues were $38.3 million, down 3.3 percent from $39.7 million last year.
Third-quarter gross margin, gross profit as a percentage of net sales, advanced to 29.5 percent from 29.1 percent last year.
Looking ahead to the fiscal year 2012, the company expects sales for EDG and Canvys to be in the range of $160 million to $163 million, up 1 percent to 4 percent over fiscal 2011.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.