Shares of Methode Electronics MEI rose 2% in pre-market trading after the company reported Q1 results.
Quarterly Results
Earnings per share decreased 45.33% over the past year to $0.41, which beat the estimate of $0.26.
Revenue of $190,900,000 decreased by 29.35% year over year, which beat the estimate of $174,300,000.
Outlook
Methode Electronics hasn't issued any earnings guidance for the time being.
Methode Electronics hasn't issued any revenue guidance for the time being.
Conference Call Details
Date: Sep 03, 2020
Time: 11:00 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/2152/36525
Recent Stock Performance
Company's 52-week high was at $41.70
Company's 52-week low was at $21.76
Price action over last quarter: Up 4.94%
Company Description
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.