Methode Electronics (MEI) surged to a 12-year high last week after soaring 32.5% on strong earnings results. The company reported a profit of $0.36/share, which was far above analyst forecasts for $0.21. Sales of $167.3 million also beat forecasts for $148.5 million. The company guided earnings up to a range of $1.40 to $1.60, which was well above the consensus of $1.05. More significantly, the company reported its best quarter on record in its 47 years of being a public company.
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