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Methode Electronics, Inc. Reports Fiscal 2012 First-Quarter Financial Results

, A global developer of custom engineered and application specific products and solutions, today announced financial results for the Fiscal 2012 first quarter ended July 30, 2011.

First-Quarter Fiscal 2012 Methode's first-quarter Fiscal 2012 net sales increased $11.8 million, or 11.9 percent, to $110.8 million from $99.0 million in the same quarter of Fiscal 2011. Translation of foreign currency increased net sales $2.6 million, or 2.3 percent, in the year-over-year comparison.

Net income decreased $2.6 million to $1.5 million, or $0.04 per share, in the first quarter of Fiscal 2012 from $4.1 million, or $0.11 per share, in the same period of Fiscal 2011. Year over year, Fiscal 2012 first-quarter net income was negatively affected by:

-- higher non-executive performance based compensation and severance expense of $1.4 million -- costs related to the design, development, engineering and launch of two large North American automotive programs due to launch in Fiscals 2012 and 2013 of $1.2

Convert Your Cash » Blog Archive » Two – Way Quotes - Know More ...

Another occurrence in the retail is the adoption of two-way type quotations (coincident selling and buying rates). In keeping with the elementary motivation of the authorised dealers to do business in the inter-bank bazaar to bedding their sales representative transactions only one-way rates were being tempered to. In the new days, some bustling foreign banks and a few Indian banks have started issuing two-way quotations. In caste to cause to grow profoundly and liquidity in the sell, two-way quotations at least by a few banks are demanded in the customer base. It has to be remembered that in the universal markets only two-way quotations are being second-hand. Such quotations in the Indian shop will lend a hand not only maturity of brilliance and liquidity but also know-how in the dealers to repeat rates in unison with customer base developments and currency positions emerging in their own record. The ‘corpus juris of comport’ fatigued by Foreign Exchange Dealers Coalition of India to be observed by brokers an dealers has helped to set in motion a more hale and hearty market.

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