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Methode: Fiscal 2Q Earnings Snapshot

CHICAGO (AP) _ Methode Electronics Inc. (MEI) on Thursday reported fiscal second-quarter profit of $14.6 million.

The Chicago-based company said it had net income of 39 cents per share. Earnings, adjusted for costs related to mergers and acquisitions and non-recurring costs, came to 75 cents per share.

The maker of electrical components for the auto and computer industries posted revenue of $264 million in the period.

Methode expects full-year earnings to be $2.02 to $2.33 per share, with revenue in the range of $1 billion to $1.04 billion.

Methode shares have declined 22 percent since the beginning of the year. The stock has decreased 31 percent in the last 12 months.


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