Shares of Methode Electronics MEI were unchanged after the company reported Q2 results.
Quarterly Results
Earnings per share were up 60.94% over the past year to $1.03, which beat the estimate of $0.80.
Revenue of $300,800,000 rose by 16.95% from the same period last year, which beat the estimate of $276,600,000.
Outlook
Q3 EPS expected to be between $0.69 and $0.85.
Q3 revenue expected to be between $265,000,000 and $285,000,000.
How To Listen To The Conference Call
Date: Dec 03, 2020
Time: 11:00 AM
ET Webcast URL: https://www.webcaster4.com/Webcast/Page/2152/38912
Price Action
52-week high: $41.70
Company's 52-week low was at $21.76
Price action over last quarter: Up 20.63%
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.
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