05:37 PM EST, 01/07/2025 (MT Newswires) -- (Updates with the stock move in the headline and the last paragraph.)

Richardson Electronics ( RELL ) reported a fiscal Q2 loss late Tuesday of $0.05 per diluted share, narrower than a loss of $0.13 a year earlier.

One analyst polled by FactSet expected a loss of $0.07.

Net sales for the quarter ended Nov. 30 was $49.5 million, up from $44.1 million a year earlier.

Two analysts polled by FactSet expected $51.3 million.

The electronics manufacturer said its board maintained a quarterly dividend of $0.06 per share, payable on Feb. 26 to shareholders of record on Feb. 7.

Shares of the company slumped 10% in after-hours activity.

Price: 13.26, Change: -1.48, Percent Change: -10.04