Methode Electronics Q4 Loss Widens, Sales Lower; Issues Outlook
MT Newswires Live
Jul 10
Methode Electronics (MEI) reported late Wednesday a fiscal Q4 adjusted net loss of $0.77 per diluted share, wider than a loss of $0.23 a year earlier.
One analyst expected a profit of $0.03 per share in a FactSet poll.
Net sales the quarter ended May 3 were $257.1 million, down from $277.3 million a year earlier.
Three analysts surveyed by FactSet expected $232.9 million.
The company said it expects fiscal 2026 net sales of $900 million to $1.00 billion. Analysts expected $1.03 billion.
The shares were down about 11% in after-hours activity.
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