23.06.2022 13:58:19
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Methode Electronics Bottom Line Drops In Q4, misses estimates
(RTTNews) - Methode Electronics (MEI) revealed a profit for fourth quarter that decreased from the same period last year and missed the Street estimates.
The company's bottom line came in at $16.2 million, or $0.43 per share. This compares with $31.1 million, or $0.81 per share, in last year's fourth quarter.
Analysts on average had expected the company to earn $0.56 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 4.1% to $288.7 million from $301.0 million last year.
Methode Electronics earnings at a glance (GAAP) :
-Earnings (Q4): $16.2 Mln. vs. $31.1 Mln. last year. -EPS (Q4): $0.43 vs. $0.81 last year. -Analyst Estimates: $0.56 -Revenue (Q4): $288.7 Mln vs. $301.0 Mln last year.
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Methode Electronics Inc. | 10,10 | 2,02% |
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