Methode Electronics Reports Q2 Loss, Projects $900M-$1B Revenue

Methode Electronics, a Chicago-based electrical component manufacturer, reported a Q2 loss of $9.9 million, or $0.28 per share, due to one-time expenses and restructuring costs. Despite this, the company generated $246.9 million in revenue and projects full-year revenue between $900 million and $1 billion.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.