2023-03-09 07:05:42 ET
- Methode Electronics press release ( NYSE: MEI ): Q3 GAAP EPS of $0.54 misses by $0.15 .
- Revenue of $280.1M (-3.9% Y/Y) misses by $10.17M .
- Net sales were $280.1 million, of which electric and hybrid vehicle applications were a record 24 percent
- For the fiscal year 2023, the company updated its expectations for net sales to be in the range of $1,155 to $1,180 million, revised from the prior $1,170 - $1,200 million, and for diluted earnings per share to be in a range of $2.50 to $2.60, revised from the prior $2.70 - $2.90.
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Methode Electronics GAAP EPS of $0.54 misses by $0.15, revenue of $280.1M misses by $10.17M