RELL - Richardson Electronics GAAP EPS of $0.44 beats by $0.06 revenue of $70.36M beats by $0.16M
2023-04-05 16:23:20 ET
- Richardson Electronics press release ( NASDAQ: RELL ): Q3 GAAP EPS of $0.44 beats by $0.06 .
- Revenue of $70.36M (+27.2% Y/Y) beats by $0.16M .
- Backlog totaled $175.1 million in the third quarter versus $175.6 million at the end of the third quarter of last fiscal year.
- Gross margin was 31.8% of net sales for the third quarter of fiscal 2023, the same as in the prior year’s third quarter.
- Cash and investments were $24.6 million as of February 25, 2023, compared to $40.5 million as of May 28, 2022. The use of cash was related to higher working capital to support sales growth.
- Shares -3.94% .
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Richardson Electronics GAAP EPS of $0.44 beats by $0.06, revenue of $70.36M beats by $0.16M