Methode Electronics (MEI) Guides FY12 EPS Far Below Street Views; Issues FY13 Outlook

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MEI Hot Sheet

Revenue Growth %: +10.6%

Financial Fact:
Income from operations: 2.42M

Today's EPS Names:
TARO, BRLI, TLB, More

Methode Electronics, Inc. (NYSE: MEI), announced sales and earnings guidance for fiscal years 2012 and 2013.

For Fiscal 2012, Methode anticipates sales in the range of $450 to $465 million and earnings per share in the range of $0.13 to $0.21. The Street sees revs of $466.25 million and EPS of $0.39. The Company currently expects that the fourth quarter will be the strongest quarter of the fiscal year. Methode previously reported sales of $110.8 million and earnings per share of $0.04 for the first quarter of Fiscal 2012.

For Fiscal 2013, the Company anticipates sales in the range of $495 to $525 million and earnings per share in the range of $0.52 to $0.67. The Street sees $522.99 million and EPS of $0.65.

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