05:45 PM EDT, 04/10/2024 (MT Newswires) -- Richardson Electronics ( RELL ) reported fiscal Q3 earnings late Wednesday of $0.05 per diluted share, down from $0.40 a year earlier.

One analyst polled by Capital IQ expected $0.02.

Net sales for the quarter that ended March 2 was $52.4 million, down from $70.4 million a year earlier.

One analyst surveyed by Capital IQ expected $56 million.

Shares of the company traded 3.9% higher in after-hours activity.

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