Investing.com - Richardson Electronics reported first quarter earnings that matched analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $0.01 on revenue of $40.65M. Analysts polled by Investing.com anticipated EPS of $0.01 on revenue of $40.50M. That compared to EPS of $0.03 on revenue of $44.16M in the same period a year earlier.
For the year, Richardson Electronics shares are down 34.06%, under-performing the Nasdaq which is up 21.47% year to date.
Richardson Electronics follows other major Technology sector earnings this month
On Wednesday, September 11, 2019, Oracle reported first quarter EPS of $0.81 on revenue of $9.22B, compared to forecasts of EPS of $0.81 on revenue of $9.29B.
Adobe earnings beat analyst's expectations on Tuesday, September 17, 2019, with third quarter EPS of $2.05 on revenue of $2.83B. Investing.com analysts expected EPS of $1.97 on revenue of $2.82B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar