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Methode Electronics Inc Comments On Q3 2013 Guidance; Lowers FY 2013 Guidance

Thursday, 6 Dec 2012 07:00am EST 

Methode Electronics Inc announced that for the third quarter of 2013, it expects sequentially lower sales and earnings compared to the second quarter of 2013, due to weakening economic conditions in Europe and reduced sales in the power products segment, and therefore, expects earnings per share (EPS) to break even to modestly profitable. For fiscal 2013, it expects sales and earnings at the low end of the guidance ranges of sales of $470-$500 million and earnings per share in the range of $0.45-$0.60. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $489 million and EPS of $0.54 for fiscal 2013. 

Company Quote

-0.89 -2.71%
31 Jul 2014