Richardson Electronics is set to report its third-quarter earnings this Wednesday after the bell, with the market expecting revenue to grow 8% year on year. That would mark an improvement from the 1.6% increase the electronics distributor recorded in the same quarter last year. Last quarter, the company beat analysts' revenue expectations with revenues of $66.2 million, up 27.6% year on year, alongside beats on EPS and EBITDA estimates. Analysts have generally reconfirmed their estimates over the last 30 days, though Richardson Electronics has missed Wall Street's revenue estimates multiple times over the last two years. As the first among its peers to report this season, the company offers no read-through from industrial distributors, a sector that has faced a sell-off over the last month with peer stocks down 3.3% on average, while Richardson Electronics is up 7.6% during the same time.
Richardson Electronics LtdQ3 earnings preview with 8% expected revenue growth, but company has repeatedly missed revenue estimates over the past two years.
