Methode Electronics Bested Q3 Estimates, Rose 9.7% Year-Over-Year

Methode Electronics (NYSE:MEI) reported Q3 EPS of $0.11, beating analyst estimates of $0.02 per share. Revenues for the quarter rose 9.7% year-over-year to $112.00 million, better than consensus estimates of $108.61 million.Methode Electronics should find initial resistance at its 200-day moving average (MA) of $9.44 and further resistance at its 50-day MA of $9.48.In the last five trading sessions, the 50-day MA has climbed 0.86% while the 200-day MA has slid 0.41%.

FX_Trdr