Methode (MEI) Q2 Earnings and Revenues Surpass Estimates
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Methode Electronics (MEI) reported Q2 earnings of $0.14 per share, surpassing the Zacks Consensus Estimate of a loss of $0.17 per share. This is an improvement from $0.06 per share a year ago.
December 05, 2024 | 2:30 pm
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Methode Electronics (MEI) reported better-than-expected Q2 earnings of $0.14 per share, beating the Zacks Consensus Estimate of a loss of $0.17 per share. This marks a significant improvement from the previous year's $0.06 per share.
The better-than-expected earnings report is likely to positively impact MEI's stock price in the short term. Surpassing estimates by a significant margin and showing year-over-year improvement suggests strong company performance.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100