CHICAGO (AP) — CHICAGO (AP) — Methode Electronics Inc. (MEI) on Wednesday reported a loss of $28.3 million in its fiscal fourth quarter.
The Chicago-based company said it had a loss of 80 cents per share. Losses, adjusted for one-time gains and costs, came to 77 cents per share.
The maker of electrical components for the auto and computer industries posted revenue of $257.1 million in the period.
For the year, the company reported a loss of $62.6 million, or $1.77 per share. Revenue was reported as $1.05 billion.
Methode expects full-year revenue in the range of $900 million to $1 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on MEI at https://www.zacks.com/ap/MEI
Businesses achieved strong growth in the 4th quarter with improved profit margins and revenue records, painting a positive picture for fiscal year ending results.
The latest Methode: Fiscal Q4 Earnings Snapshot reveals a strong quarter with double-digit revenue growth, highlighting the company's resilience and its ability to navigate through challenging market conditions.
