EMBC - Methode Electronics Posts Strong Sales Joins QuantumScape Ribbon Communications And Other Big Stocks Moving Higher On Thursday | Benzinga
U.S. stocks were mostly higher, with the Dow Jones index gaining around 100 points on Thursday.
Shares of Methode Electronics, Inc. (NYSE:MEI) rose sharply during Thursday's session after the company reported better-than-expected fourth-quarter sales results.
Methode Electronics reported a fourth-quarter fiscal 2024 net sales decline of 7.9% year-on-year to $277.30 million, beating the analyst consensus estimate of $264.04 million. Adjusted EPS loss of 23 cents missed the analyst consensus loss estimate of 20 cents, according to data from Benzinga Pro.
Methode Electronics shares surged 29.4% to $12.22 on Thursday.
Here are some other big stocks recording gains in today’s session.