Methode Electronics (MEI) Tops Q2 EPS by 5c
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Revenue Growth %: -5.2%
Financial Fact:
Cost of products sold: 153.7M
Today's EPS Names:
FSI, RELV, NEOM, More
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Methode Electronics (NYSE: MEI) reported Q2 EPS of $0.75, $0.05 better than the analyst estimate of $0.70. Revenue for the quarter came in at $264 million versus the consensus estimate of $262.7 million.
Fiscal 2019 Guidance
Methode updated Fiscal 2019 guidance to include the acquisition of Grakon to sales in the range of $1 billion to $1.04 billion, pre-tax income in the range of $91.5 million to $105.5 million and earnings per share in the range of $2.02 to $2.33 from sales in the range of $950 million to $970 million, pre-tax income in the range of $127 million to $134 million and earnings per share in the range of $2.81 to $2.96.
For earnings history and earnings-related data on Methode Electronics (MEI) click here.
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