Methode Electronics (MEI) Tops Q4 EPS by 7c; Guides FY17 Modestly Below the Street
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/15/2026
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
- S&P 500 ends lower as investors weigh data, Middle East tensions
- BOJ eyeing September rate hike, faster pace of tightening, sources say
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- SanDisk upgraded at JPMorgan after investor day; shares climb
- Micron: New Street upgrades to buy, says memory is no longer a cyclical story
Methode Electronics, Inc. Reports Fiscal 2016 Sales and Earnings
June 23, 2016 7:00 AM EDTCHICAGO, IL -- (Marketwired) -- 06/23/16 -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, announced financial results for Fiscal 2016 ended April 30, 2016.
Fourth Quarter Fiscal 2016 Methode's fourth-quarter Fiscal 2016 net sales decreased $14.5 million, or 6.4 percent, to $212.8 million from $227.3 million in the same quarter of Fiscal 2015. Year over year, currency rate fluctuations increased net sales $2.7 million.
Net income decreased $4.0 million to $22.6 million, or $0.60 per share, in the fourth quarter of Fiscal 2016 from $26.6 million, or $0.68 per share, in the same period of Fiscal... More
