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Company News

BRIEF-Methode Electronics Inc. Reports Q3 Loss Per Share $0.65

March 1 (Reuters) - Methode Electronics Inc:

* METHODE ELECTRONICS, INC. REPORTS FISCAL 2018 THIRD-QUARTER SALES AND EARNINGS

* Q3 LOSS PER SHARE $0.65

* SEES FY 2018 SALES $900 MILLION TO $910 MILLION

* Q3 REVENUE $228 MILLION

* IN Q3, INCOME TAX EXPENSE INCREASED TO $63.4 MILLION PRIMARILY DUE TO ENACTMENT OF U.S. TAX REFORM

* SEES 2018 EARNINGS PER SHARE RANGE OF $1.23 TO $1.33

* U.S. TAX REFORM CHARGE WILL NEGATIVELY IMPACT FISCAL 2018 EARNINGS PER SHARE BY $1.52

* SEES 2018 PRE-TAX INCOME FROM OPERATIONS TO RANGE OF $125 TO $130 MILLION Source text for Eikon: Further company coverage: (Reuters.Brief@thomsonreuters.com)

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