Recap: Methode Electronics Q4 Earnings
Portfolio Pulse from Benzinga Insights
Methode Electronics (NYSE:MEI) reported Q4 earnings, missing estimated earnings by 53.33% with an EPS of $0.21 compared to an estimate of $0.45. Revenue was up $12.50 million from the same period last year.
June 22, 2023 | 11:05 am
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Methode Electronics missed Q4 earnings estimates by 53.33%, reporting an EPS of $0.21 compared to an estimate of $0.45. Revenue increased by $12.50 million YoY.
Methode Electronics' significant earnings miss is likely to negatively impact its stock price in the short term. In the past, a smaller earnings miss led to a 1.74% drop in the share price the next day.
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