Methode posts profit; warns of weak telecom market

Newswire

NEW YORK, June 26 (Reuters) - Methode Electronics Inc. on Thursday said it swung to a profit in its fiscal fourth quarter but that the lower end of its full-year outlook reflected more weakening in non-automotive businesses. The Chicago-based maker of electronic and wireless products for the automotive industry said it earned 18 cents per share in the quarter, compared with a loss of 13 cents a share in the year-ago quarter. The company forecast first-quarter 2004 earnings per share in a ...

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