Methode Electronics (MEI) Tops Q2 EPS by 11c; Boosts FY17 EPS Guidance
Methode Electronics (NYSE: MEI) reported Q2 EPS of $0.66, $0.11 better than the analyst estimate of $0.55. Revenue for the quarter came in at $209.3 million versus the consensus estimate of $208.92 million.
Methode Electronics sees FY2017 EPS of $2.30-$2.45, versus prior guidance of $2.11-$2.35 and the consensus of $2.28. Methode Electronics sees FY2017 revenue of $820-845 million, versus the consensus of $818.0 million.
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