Shares of Methode Electronics (MEI -10.5%) sink after the firm misses the consensus EPS estimate...

|About: Methode Electronics, Inc. (MEI)|By:, SA News Editor

Shares of Methode Electronics (MEI -10.5%) sink after the firm misses the consensus EPS estimate of analysts for Q1 FY12 by $0.06 on in-line revenue. Looking forward, the firm's CEO says a slowdown in its European automotive business will impact FY12 results beginning in Q4.