Benzinga | Sep 3, 2020 07:15AM EDT

Methode Electronics Q1 EPS $0.54 May Not Compare To $0.26 Estimate, Sales $190.90M Beat $174.30M Estimate

Methode Electronics (NYSE:MEI) reported quarterly earnings of $0.54 per share which beat the analyst consensus estimate of $0.26 by 107.69 percent. This is a 28 percent decrease over earnings of $0.75 per share from the same period last year. The company reported quarterly sales of $190.90 million which beat the analyst consensus estimate of $174.30 million by 9.52 percent. This is a 29.35 percent decrease over sales of $270.20 million the same period last year.