Why Methode Electronics Stock Plunged Today
Investors unplugged from Methode Electronics (NYSE: MEI) stock on Thursday, after the company published quarterly results that featured erosion in key metrics. Its shares lost nearly 11% of their value that day, in a trading session that saw the benchmark S&P 500 index creep up by 0.1%.
In Methode's fiscal second quarter of 2026, the company's net sales totaled just under $247 million, representing a 16% year-over-year decline. Net loss not in accordance with generally accepted accounting principles (GAAP) deepened considerably, to $9.9 million ($0.28 per share) from the year-ago deficit of $1.6 million.
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Source Fool.com
