Why Methode Electronics Stock Jumped 40% Today
EV delays were supposed to hurt Methode Electronics in Q4 2026. Instead, the company collected millions in contract recoveries.
Why Methode Electronics Stock Jumped 40% Today
Overview
Shares of Methode Electronics (NYSE: MEI) rose as much as 40% on Thursday afternoon, boosted by a strong Q4 2026 earnings report. The engineering and manufacturing specialist crushed Wall Street's consensus estimates.
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Methode faced a difficult business environment in the fourth quarter, as several electric vehicle makers delayed their expected product launches or canceled them altogether. The Street consensus called for revenue growth of just 2% to $239.5 million, while the bottom line was supposed to swing from a $0.01 profit to a $0.09 loss per share.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
