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BRIEF-Methode Electronics reports Q1 earnings per share $0.55
August 31, 2017 / 10:42 AM / in 3 months

BRIEF-Methode Electronics reports Q1 earnings per share $0.55

Aug 31 (Reuters) - Methode Electronics Inc

* Methode Electronics, Inc. reports fiscal 2018 first-quarter sales and earnings

* Q1 earnings per share $0.55

* Q1 sales $201.2 million versus I/B/E/S view $189.4 million

* Q1 earnings per share view $0.48 -- Thomson Reuters I/B/E/S

* Sees FY 2018 earnings per share $2.43 to $2.63

* Sees FY 2018 sales $807 million to $827 million

* FY2018 earnings per share view $2.46, revenue view $819.9 million -- Thomson Reuters I/B/E/S

* Methode Electronics Inc - Anticipates increased 10 gig copper transceiver sales in latter half of fiscal 2018

* Methode Electronics Inc- Q1 net income was negatively affected by unfavorable commodity pricing in automotive and power products segments of $0.5 million

* Methode Electronics - Expects 9 months of revenues from procoplast of $22 million for fiscal 2018 versus 7 months previously assumed in original guidance Source text for Eikon: Further company coverage:

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