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

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.
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