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 anticipated EPS of $0.5133 on revenue of $283.53M.
Methode Electronics shares are down 19.95% from the beginning of the year , still down 21.19% from its 52 week high of $49.94 set on Monday, January 3, 2022. They are under-performing the EUR/USD which is down 0% year to date.
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, compared to forecasts 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, compared to forecast for EPS of $9.56 on revenue of $8.41B.
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