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Methode Electronics Shares Fall After Q4 Earnings Miss

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Methode Electronics (NYSE: MEI) reported fourth-quarter earnings of 62 cents per share, which missed the analyst consensus estimate of 72 cents. This is a 36.73% decrease over earnings of 98 cents per share from the same period last year.

The company reported quarterly sales of $266 million, which missed the analyst consensus estimate of $275.15 million. This is a 6.83% increase over sales of $249 million the same period last year.

Methode sees FY2020 EPS of $3.25-$3.55 versus a $3.52 estimate.

Methode shares traded down 5.5% to $25.25 in Thursday's pre-market session.

Related links:

Earnings Scheduled For June 20, 2019

Economic Data Scheduled For Thursday

Posted-In: Earnings News Guidance

 

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