Methode electronics reports q2 adjusted non-gaap earnings per share $0.64

Methode electronics, inc. reports fiscal 2020 second-quarter results and reaffirms full year eps guidance.q2 adjusted non-gaap earnings per share $0.64.q2 gaap earnings per share $0.63.q2 earnings per share estimate $0.84 -- refinitiv ibes data.sees fy 2020 sales $1.1 billion to $1.13 billion.q2 revenue $257.2 million versus refinitiv ibes estimate of $293.3 million.for fiscal 2020, co reaffirms earnings per share in range of $3.25 to $3.55.methode electronics - as a result of uaw labor strike at gm, co updates sales guidance to range of $1.10 billion to $1.13 billion from $1.13 billion to $1.17 billion.fiscal 2020 guidance considers mitigation of some of adverse impact from uaw labor strike at gm.methode electronics - 2020 guidance considers anticipated tariffs impact on imported chinese goods at 25%, net costs associated with mitigating tariffs.methode electronics - net sales in q2 were negatively impacted by uaw labor strike at general motors, which reduced sales by about $32.0 million.gaap net income in q2 was negatively impacted by uaw labor strike at gm, which reduced net income by $0.21 per share.
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