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Why is Richardson Electronics Ltd (RELL) Stock down?

We've noticed a 5.11% decline in Richardson Electronics Ltd (RELL) stock during the 2024-10-10 trading session. While this could be attributed to normal volatility or various internal and external factors, please be aware that we are actively monitoring the situation, and we'll provide timely updates as soon as possible!
06 Apr, 2023:

The electronics company's shares dropped by 15.5% even though it surpassed earnings estimates. The decline was attributed to a smaller backlog in the third fiscal quarter compared to the same period the previous year.

https://www.marketwatch.com/story/richardson-electronics-stock-down-14-despite-3q-profit-revenue-growth-d1a83767

$162.33
price down icon 1.34%
$245.84
price down icon 0.59%
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price down icon 0.39%
electronic_components FN
$225.85
price down icon 4.10%
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$83.16
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electronic_components JBL
$133.33
price up icon 0.46%
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