Richardson Electronics: Fiscal 1Q Earnings Snapshot
LAFOX, Ill. (AP) _ Richardson Electronics Ltd. (RELL) on Wednesday reported fiscal first-quarter net income of $431,000, after reporting a loss in the same period a year earlier.
The Lafox, Illinois-based company said it had net income of 3 cents per share.
The electronic components and communication products company posted revenue of $44.2 million in the period.
Richardson Electronics shares have risen 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $8.30, a rise of 40 percent in the last 12 months.