Richardson reports loss in quarter
LAFOX -- Richardson Electronics Ltd., a global provider of engineered solutions, Thursday reported a loss of $700,000, or 4 cents per common share, in the second quarter, compared to net income of $1.1 million, or 6 cents per common share, in the same period last year. Losses were due to foreign exchange loss for cash received from the sale of Security Systems Division/Burtek Systems; severance and restructuring, among other reasons. Net sales for the second quarter were $145 million, up 5.3 percent from $137.7 million in the same period last year.
Article Comments
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked.
If a comment violates these standards or our terms of service, click the "flag" link in the lower-right corner of the comment box. To find our more, read our FAQ.