05:10 PM EDT, 10/09/2024 (MT Newswires) -- Richardson Electronics ( RELL ) late Wednesday reported fiscal Q1 net income of $0.04 per diluted share, down from $0.09 a year earlier.

Two analysts polled by Capital IQ expected a net loss of $0.01.

Net sales for the quarter ended Aug. 31 was $53.7 million, compared with $52.6 million a year earlier.

Two analysts expected $49.5 million.

The company also declared a quarterly dividend of $0.06 per share, unchanged from the prior quarter, payable Nov. 27 to shareholders of record on Nov. 8.

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