Investing.com - Richardson Electronics reported third quarter earnings that missed analyst's expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $-0.08 on revenue of $39.02M. Analysts polled by Investing.com forecast EPS of $0.02 on revenue of $42.3M (NYSE:MMM). That compared to EPS of $0.04 on revenue of $41.65M in the same period a year earlier The company had reported EPS of $-0.02 on revenue of $41.31M in the previous quarter.
Richardson Electronics shares slightly moved 0.00% to trade at $6.74 in other following the report.
For the year, Richardson Electronics shares are down 22.44%, under-performing the Nasdaq which is up 21.55% year to date.
Richardson Electronics follows other major Technology sector earnings this month
On Thursday, March 14, 2019, Oracle reported third quarter EPS of $0.87 on revenue of $9.61B, compared to forecasts of EPS of $0.84 on revenue of $9.58B.
Adobe earnings beat analyst's expectations on Thursday, March 14, 2019, with first quarter EPS of $1.71 on revenue of $2.6B. Investing.com analysts expected EPS of $1.62 on revenue of $2.55B