Market Overview

Methode Electronics: Q1 Earnings Insights

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Shares of Methode Electronics (NYSE: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.

 

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Posted-In: Earnings News