AP NEWS

Methode: Fiscal 2Q Earnings Snapshot

December 6, 2018

CHICAGO (AP) _ Methode Electronics Inc. (MEI) on Thursday reported fiscal second-quarter profit of $14.6 million.

The Chicago-based company said it had net income of 39 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 75 cents per share.

The maker of electrical components for the auto and computer industries posted revenue of $264 million in the period.

Methode expects full-year earnings to be $2.02 to $2.33 per share, with revenue in the range of $1 billion to $1.04 billion.

Methode shares have declined 22 percent since the beginning of the year. The stock has decreased 31 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEI at https://www.zacks.com/ap/MEI

AP RADIO
Update hourly