Durable Goods (Jun F) -9.4% vs 9.3% Prior, Ex-Trans 0.2% vs 0.2%
Investing.com - Methode Electronics reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Methode Electronics announced earnings per share of $0.58 on revenue of $282.4M. Analysts polled by Investing.com EPS of $0.5133 on revenue of $283.53M.
Methode Electronics 's are down 40% and is trading at $39.36 , still down 21.19% from its 52 week high of $49.94 set on Monday, January 3, 2022.
Methode Electronics follows other major Information Technology sector earnings this month
Methode Electronics's report follows an earnings beat by NVIDIA on Wednesday, August 24, 2022, who reported EPS of $0.51 on revenue of $6.7B, EPS of $0.4991 on revenue of $6.7B.
Broadcom had beat expectations on Thursday with third quarter EPS of $9.73 on revenue of $8.46B, for EPS of $9.56 on revenue of $8.41B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar