Methode Electronics Q1 EPS $0.58 Beats $0.52 Estimate, Sales $282.40M Miss $286.35M Estimate

Methode Electronics (NYSE:MEI) reported quarterly earnings of $0.58 per share which beat the analyst consensus estimate of $0.52 by 11.54 percent. This is a 23.68 percent decrease over earnings of $0.76 per share from the same period last year. The company reported quarterly sales of $282.40 million which missed the analyst consensus estimate of $286.35 million by 1.38 percent. This is a 1.88 percent decrease over sales of $287.80 million the same period last year.