Methode Electronics (MEI) Tops Q3 EPS by 2c; Trims FY16 Revenue Outlook
Methode Electronics (NYSE: MEI) reported Q3 EPS of $0.45, $0.02 better than the analyst estimate of $0.43. Revenue for the quarter came in at $184.6 million versus the consensus estimate of $190.31 million.
Methode Electronics sees FY2016 EPS of $2.06 - $2.18, versus the consensus of $2.11. Methode Electronics sees FY2016 revenue of $790-800 million, versus prior guidance of $805 - $825 million and the consensus of $814.3 million.
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