Methode Electronics, Inc. (MEI) Thursday said fourth-quarter profit attributable to the company surged to $3.3 million or $0.09 per share from $0.8 million or $0.02 per share in the same period last year.
Revenues totaled $123.0 million, up 9.8 percent from $112.0 million last year.
Gross margins improved to 12.5 percent from 12.4 percent last year.
Looking ahead to the fiscal year 2013, the company currently expects earnings in the low-end of the previous guidance range of $0.45 to $0.60 per share. Revenues are projected in the high-end of the range $470 million to $500 million.
Analysts, based on consensus, currently expect the company to report full-year earnings of $0.43 per share on revenues of $475.47 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.