Methode Electronics shares are trading lower after the company reported worse-than-expected preliminary Q4 results. The company's outlook for FY24 lags consensus.
Portfolio Pulse from Benzinga Newsdesk
Methode Electronics reported worse-than-expected preliminary Q4 results, causing its shares to trade lower. The company's outlook for FY24 also lags consensus.
June 13, 2023 | 11:18 am
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Methode Electronics shares are trading lower due to worse-than-expected Q4 results and a weak FY24 outlook.
Methode Electronics reported worse-than-expected Q4 results, which is a negative signal for investors. Additionally, the company's outlook for FY24 lags consensus, indicating potential challenges ahead. This combination of factors is likely to cause the stock price to decline in the short term.
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