Methode Electronics (MEI) Tops Q1 EPS by 6c
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 7/21/2026
- Wall Street indexes fall, with Iran and earnings season in focus
- Oil settles 1% higher as hopes of renewed US-Iran negotiations offset Houthi threat
- Selloff of U.S. memory stocks creates a compelling entry point: analyst
- Why Moonshot AI's Kimi K3 is actually bullish for memory stocks
- AMC Entertainment soars on record quarterly results
- U.S. to impose 50% tariff on most Canadian goods, including USMCA
- NVIDIA reports 9.3% passive stake in Nebius
- Wall Street indexes fall, with Iran and earnings season in focus
- Cantor Fitzgerald Starts Trulieve Cannabis (TRLV) at Overweight, 'Purpose-Built for a New Cannabis Regulatory Framework'
- Selloff of U.S. memory stocks creates a compelling entry point: analyst
Methode Electronics, Inc. Reports Fiscal 2016 First-Quarter Sales and Earnings
September 3, 2015 6:30 AM EDTCHICAGO, IL -- (Marketwired) -- 09/03/15 -- Methode Electronics, Inc. (NYSE: MEI), a global developer of custom engineered and application specific products and solutions, today announced financial results for the Fiscal 2016 first quarter ended August 1, 2015.
Methode's first-quarter Fiscal 2016 net sales decreased $14.8 million, or 6.8 percent, to $203.3 million from $218.1 million in the same quarter of Fiscal 2015. Year over year, currency rate fluctuations decreased net sales by $6.1 million.
Net income increased $2.1 million to $23.5 million, or $0.60 per share, in the first quarter of Fiscal 2016 from $21.4 million, or $0.55 per share, in the same period of Fiscal... More
