Market Overview

Recap: Methode Electronics Q4 Earnings

Share:

Shares of Methode Electronics (NYSE:MEI) moved higher by 1.1% in pre-market trading after the company reported Q4 results.

Quarterly Results

Earnings per share were up 8.06% over the past year to $0.67, which missed the estimate of $0.76.

Revenue of $210,600,000 decreased by 20.83% from the same period last year, which beat the estimate of $209,050,000.

Outlook

Earnings guidance hasn't been issued by the company for now.

Methode Electronics hasn't issued any revenue guidance for the time being.

Details Of The Call

Date: Jun 30, 2020

Time: 11:00 AM

ET Webcast URL: https://www.webcaster4.com/Webcast/Page/2152/35406

Price Action

Company's 52-week high was at $41.70

Company's 52-week low was at $21.76

Price action over last quarter: Up 5.65%

Company Overview

Methode Electronics Inc makes component and subsystem devices employing electrical, radio remote control, electronic, wireless, and sensing technologies. The firm is organized in various business segments: Automotive, Industrial, interface and Medical. The Automotive segment supplies electronic and electro-mechanical devices and related products to automobile. The Industrial segment manufactures external lighting solutions, industrial safety radio remote controls, braided flexible cables and custom power-product assemblies. The Interface segment provides a variety of copper and fiber-optic interface and interface solutions. The Medical segment is made up of the Company's medical device business, Dabir Surfaces, its surface support technology aimed at pressure injury prevention.

 

Related Articles (MEI)

View Comments and Join the Discussion!

Posted-In: Earnings News