Why Methode Electronics (MEI) Stock Is Falling Today
Shares of custom-engineered solutions manufacturer Methode Electronics (NYSE:MEI) fell 28.4% in the afternoon session after the company reported weak third-quarter (fiscal 2025) results: revenue, EPS, and EBITDA all missed Wall Street's estimates, and next quarter's revenue guidance came in below expectations. The key highlight for the quarter was the ongoing weakness in the automotive segment, where sales dropped over 17% due to the phase-out of older EV lighting programs, combined with a broad