Methode Electronics (MEI) Reports In-Line Q2 EPS, Beats on Revenues; Boosts FY18 Revenue Guidance Above Consensus

December 7, 2017 6:33 AM

Methode Electronics (NYSE: MEI) reported Q2 EPS of $0.64, in-line with the analyst estimate of $0.64. Revenue for the quarter came in at $230.1 million versus the consensus estimate of $215.99 million.

Year over year, Fiscal 2018 second-quarter net income was negatively affected by:

GUIDANCE:

Methode Electronics sees FY2018 EPS of $2.43-$2.63, versus the consensus of $2.59. Methode Electronics sees FY2018 revenue of $880-900 million, versus the consensus of $877.05 million.

For earnings history and earnings-related data on Methode Electronics (MEI) click here.

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