Methode Electronics Fiscal Q4 Profit Misses Street Mark, Beats on Revenues

Methode Electronics, a manufacturer of component and subsystems devices, reported Thursday fiscal Q4 net income of $0.62 per share, up from $0.61 per share in the prior year period but came in lower than the $0.64 per share Street estimate provided by Capital IQ. Revenues for the quarter ended April 29 were $219.7 million, up from $212.8 million reported for the same period last year and higher than the $214.4 million Street estimate.

For fiscal 2018, the company expects net profit to range from $2.43 to $2.63 per share on revenues of $807 million to $827 million. The Street estimate calls for earnings of $2.62 per share on revenues of $820.6 million.

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