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News Breaks | | | | February 28, 2013 | | 06:43 EDT |  | MEI | Methode Electronics reports Q3 EPS 9c, consensus 2c
Reports Q3 revenue $122.98M, consensus $107.02M. Q3 net income benefited from lower costs related to third-party inspection, premium freight and over-time expenses of $1.2M, higher Other segment income as a result of increased torque-sensing product sales of $600K, lower stock award amortization of $400K, lower income tax expense of $300K, lower legal expenses of $300K, and higher sales. | |
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