Richardson Electronics (NASDAQ:RELL) Tops Q3 Earnings Estimates Amid Specialty Equipment Distributors' Mixed Results.

Richardson Electronics (NASDAQ:RELL) reported Q3 revenues of $54.61 million, up 1.6% YoY, exceeding analysts' expectations by 6%. The company's stock is down 2.2% since reporting and trades at $10.38. Richardson Electronics pulled off the biggest analyst estimates beat of the group, with a significant improvement in operating income that more than tripled from the prior year's first quarter.