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Thursday, September 4, 2014

Methode Earnings Soar As U.S. Auto Sales Zoom Higher



Investors.com http://ift.tt/1qrsuRi Shares of Methode Electronics (MEI) soared higher early Thursday after fiscal first-quarter earnings crushed Wall Street estimates and it raised its full-year guidance. The Fort Worth, Texas-based components supplier to auto, aerospace and other industries said earnings climbed 53% to 55 cents per share, beating by 15 cents. Revenue shot up 30% to $218.1 million, well above consensus for $193.7 million, largely on the back of the global auto


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