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Investing.com - Methode Electronics reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Methode Electronics announced earnings per share of $0.75 on revenue of $316M. Analysts polled by Investing.com EPS of $0.64 on revenue of $294.37M.
Methode Electronics 's are down 7.1% and is trading at $45.68 , still down 8.53% 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 missed by NVIDIA on Wednesday, November 16, 2022, who reported EPS of $0.58 on revenue of $5.93B, EPS of $0.71 on revenue of $5.8B.
Cisco had beat expectations on Wednesday, November 16, 2022 with first quarter EPS of $0.86 on revenue of $13.6B, for EPS of $0.84 on revenue of $13.29B.
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