Methode Electronics Inc. (NYSE:MEI) shares climbed 14.77% to $15.02 after the bell on Wednesday after the company reported fourth-quarter results where it posted revenue of $298.1 million, topping the analyst estimate of $236.53 million by 26.03%.
After the markets closed on Wednesday, Methode announced its fourth-quarter and full-year financial results for the period ended May 2.
After-Hours Gain Despite EPS Miss
The revenue beat wasn’t without a caveat. Adjusted earnings per share loss came in at $0.30, missing the consensus estimate of $0.19 by 57.89%.
Adjusted EBITDA swung to $26.9 million from a loss of $7.1 million a year ago.
