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Methode Electronics Inc  (MEI)
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EARNINGS REPORT by CSIMarket

Earnings Fell Despite Strong Sales

Methode Electronics Inc announced second quarter 2018 operating profit of $19.1 millions

Interior_pdMethode Electronics Inc faced contraction in eps, despite strong ornbsp; segment results and overall Sales growth in the second quarter 2018, income dropped by -39.06 % to $0.39 per share, while Sales increased in double digits by 14.73 % to $264 millions, from the same quarter a year ago.

From first quarter 2018, income faded by -38.1 % from $0.63 per share and Sales improved by 18.17 % from $223 millions.

Net income of $15 millions in the second quarter 2018 fell by -39.67 % from $24 millions in the corresponding period a year before. Methode Electronics Inc shifted it's focus on improving sales in the second quarter 2018, as a result net margin eased to 5.53%.


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Methode Electronics Inc announced second quarter 2018 operating profit of $19.1 millions

Methode Electronics Inc faced contraction in eps, despite strong ornbsp; segment results and overall Sales growth in the second quarter 2018, income dropped by -39.06 % to $0.39 per share, while Sales increased in double digits by 14.73 % to $264 millions, from the same quarter a year ago.

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U.S. construction spending dropped in October

Outlays for U.S. construction projects fell after recent increases, as decline in private spending offset an increase in public spending.

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Luboa Group, Inc announced first quarter operating loss of $-0.016924 millions

In the first quarter Luboa Group, Inc reached break-even of $0.00 per share compare to $0.00 a year ago and from $-0.00 per share from the previous quarter.

Sales remained unchanged to $0.00 millions from $0.00 millions in the same quarter a year ago and sequentially from $0.00 millions.

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China Advanced Construction Materials Group, Inc announced first quarter operating loss of $-0.094959 millions

In the first quarter China Advanced Construction Materials Group, Inc decreased loss of $-0.17 per share compare to $-0.24 a year ago and improved from $-1.58 per share from the previous quarter.

Sales declined by -5.15 % to $13.06 millions from $13.77 millions in the same quarter a year ago and sequentially Sales surged by 38.29 % from $9.44 millions.

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Wellness Center Usa, Inc announced forth quarter operating shortfall of $-0.447376 millions

For the forth quarter Wellness Center Usa, Inc losses widen at $-0.01 per share, compare to results of $-0.00 per share a year ago quarter, In the previous quarter company realized $-0.02 per share.

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Consumer Prices were unchanged in November

Americans saw virtually no change in the prices they paid in November for a broad range of goods and services, according to the latest government data, but the CPI is up over the past 12 months.

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U.S. economy continue to add jobs in November

The nonfarm payrolls grew 155,000 in November, as faster hiring puts more money in the hands of consumers, what usually leads to an increase in spending, as the nonfarm payrolls increase in public and private sectors.

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Producer prices continued to grow

U.S. Wholesale prices continued to rise in November, adding to inflationary worries.

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Significant EPS Decline, Revenues Unchanged

In the third quarter Discovery Energy Corp income dropped by -40 % of $0.03 per share compare to $0.05 a year ago and profit plummeted by -50 % from $0.06 per share from the previous quarter.

Sales remained unchanged to $0.00 millions from $0.00 millions in the same quarter a year ago and sequentially from $0.00 millions.

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Alternative Investment Corp announced forth quarter operating loss of $-0.086403 millions

In the forth quarter Alternative Investment Corp losses widen of $-0.25 per share compare to $-0.02 a year ago and improved from $-1.23 per share from the previous quarter.

Sales remained unchanged to $0.00 millions from $0.00 millions in the same quarter a year ago and sequentially from $0.00 millions.

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Logged a Loss, Revenues Unchanged

In the forth quarter Mastermind, Inc lost money at $-0.01 per share, compare to results of $-0.02 per share a year ago quarter, In the previous quarter company realized $0.00 per share.

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Break-even, Revenues Unchanged

In the forth quarter Medico International Inc reached break-even at $-0.00 per share, compare to results of $0.00 per share a year ago quarter, In the previous quarter company realized $0.00 per share.

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Regenicin, Inc announced forth quarter operating income of $0.073112 millions

In the forth quarter Regenicin, Inc income fell sharply of $0.01 per share compare to $-0.00 a year ago and from $0.00 per share from the previous quarter.

Sales remained unchanged to $0.00 millions from $0.00 millions in the same quarter a year ago and sequentially from $0.00 millions.

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Losses Widen, Sales very Strong

In the forth quarter Cleanspark, Inc increased losses of $-1.08 per share compare to $-0.30 a year ago and increased losses from $-0.18 per share from the previous quarter.

Sales grew strongly by 87.98 % to $0.11 millions from $0.06 millions in the same quarter a year ago and sequentially by -66 % from $0.33 millions.

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Other MEI's Earnings Reports

Methode Electronics Inc reported first quarter 2018 earnings

Methode Electronics Inc reported forth quarter 2018 earnings

Methode Electronics Inc reported third quarter 2017 earnings

     
       
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