LAFOX, Ill. (AP) _ Richardson Electronics Ltd. (RELL) on Wednesday reported a fiscal fourth-quarter loss of $6.4 million, after reporting a profit in the same period a year earlier.
The Lafox, Illinois-based company said it had a loss of 50 cents per share. Earnings, adjusted for asset impairment costs, were less than 1 cent on a per-share basis.
The electronic components and communication products company posted revenue of $42.2 million in the period.
For the year, the company reported that its loss widened to $7.3 million, or 57 cents per share. Revenue was reported as $166.7 million.
Richardson Electronics shares have dropped 36% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $5.53, a decrease of 42% in the last 12 months.