NasdaqGS:RELLElectronic
Richardson Electronics (RELL) Returns to Profitability, Challenging Skepticism Over Earnings Quality
Richardson Electronics (RELL) has returned to profitability over the past year, bucking its long-term trend of negative 7.2% per year in earnings over the last five years. Forecasts call for earnings to surge 112% annually going forward, a dramatic acceleration compared to the wider US market's 15.5% earnings growth outlook. With revenue growth expected at 8.9% per year and valuation multiples well below industry averages, the company’s turnaround is set against a backdrop of recent...