Methode Electronics: Trimming Fat, Focusing on Power
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Electrical systems companies, including Methode Electronics, reported mixed Q4 results, with revenue beats but disappointing guidance. Methode, founded in 1946, missed full-year earnings estimates and sold off assets to streamline operations and focus on power products. Despite a 9.1% share drop, investors eye potential growth in IoT and 5G sectors.
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