Shares of Richardson Electronics, Ltd. (RELL) are sinking more than 16% Thursday morning after turning to loss in the second quarter compared with a profit in the year-ago period, primarily due to drop in sales.
The company reported a loss of $1.8 million or $0.13 per share for the second quarter, compared with profit of $5.5 million or $0.39 per share in the same quarter a year ago.
Sales for the quarter decreased 33 percent year-over-year to $44.1 million.
RELL, currently at $10.38, has traded in the range of $10.25 - $24.97 in the last 1 year.
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.