Investing.com - Richardson Electronics reported second quarter earnings that missed analyst's expectations on Wednesday and revenue that fell short of forecasts.
The firm reported earnings per share of $-0.02 on revenue of $41.31M. Analysts polled by Investing.com anticipated EPS of $0.05 on revenue of $44.8M. That compared to EPS of $0.01 on revenue of $39.08M in the same period a year earlier The company had reported EPS of $0.03 on revenue of $44.16M in the previous quarter.
Richardson Electronics shares gained 1.83% to trade at $8.35 in other following the report.
For the year, Richardson Electronics shares are down 3.91%, under-performing the Nasdaq which is up 6.92% year to date.
Richardson Electronics follows other major Technology sector earnings this month
On Monday, December 17, 2018, Oracle reported second quarter EPS of $0.8 on revenue of $9.57B, compared to forecasts of EPS of $0.78 on revenue of $9.52B.
Adobe earnings missed analyst's expectations on Thursday, December 13, 2018, with fourth quarter EPS of $1.83 on revenue of $2.46B. Investing.com analysts expected EPS of $1.88 on revenue of $2.43B