Methode Electronics’ profits sag

Photo at top: Methode Electronics produces components for, among others, autos, computers, networks, telecommunication systems and aerospace vehicles. Corporate headquarters are in Chicago. (Bjorn Watland/FLICKR)

By Lucia Maffei Methode Electronics Inc.’s third quarter earnings didn’t drop quite as far as Wall Street had expected, but the manufacturing company’s shares slipped Thursday after management scaled down sales expectations for full-year 2016. For the fiscal quarter ended Jan. 30, the Chicago-based electronic components manufacturer’s net income was $17.2 million, or 45 cents […]