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Benzinga
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Methode Electronics, Ultragenyx Pharmaceutical And Other Big Stocks Moving Lower In Thursday's Pre-Market Session

1. Methode Electronics reported significant EPS miss of 77 cents. 2. Sales reached $257.1 million, exceeding estimates of $232.87 million. 3. Shares initially jumped 15.1% in pre-market despite EPS disappointment. 4. Overall U.S. stock futures fell, impacting market sentiment negatively. 5. MEI's performance may influence investor perception in technology stocks.

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FAQ

Why Bearish?

Methode Electronics' large EPS miss typically signals underlying financial issues. Historically, significant earnings misses lead to declining stock prices, as confidence wanes among investors.

How important is it?

Earnings disappointments often reshape investor expectations, making it crucial for MEI's near-term outlook. The stock's performance can ripple across the tech sector.

Why Short Term?

The immediate reaction to earnings reports is often swift. Similar situations have seen stocks dip rapidly in the days following disappointing results, such as with tech stocks in the past.

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