Richardson Electronics Plunges 28.4% on Earnings Miss

On April 10, 2025, Richardson Electronics experienced a significant drop of 28.4% in pre-market trading, marking a notable decline in its stock performance.

Richardson Electronics reported a fiscal third-quarter loss of $2.1 million, which contributed to the stock's decline. The company's earnings per share (EPS) for the quarter were $0.110, falling short of analyst estimates of $0.120. This earnings miss, coupled with a net loss, has raised concerns among investors about the company's financial health.

Despite the earnings miss, Richardson Electronics delivered earnings and revenue surprises of 37.50% and 1.70%, respectively, for the quarter ended February 2025. However, the overall financial performance for the quarter was not enough to offset the negative impact of the reported loss and missed earnings estimates.