Benchmark Electronics Inc Q4 Profit Increases, Beats Estimates

(RTTNews) - Benchmark Electronics Inc (BHE) reported earnings for its fourth quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $18.42 million, or $0.50 per share. This compares with $17.55 million, or $0.49 per share, last year.

Excluding items, Benchmark Electronics Inc reported adjusted earnings of $22 million or $0.61 per share for the period.

Analysts on average had expected the company to earn $0.56 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period fell 5.0% to $656.89 million from $691.35 million last year.

Benchmark Electronics Inc earnings at a glance (GAAP) :

-Earnings: $18.42 Mln. vs. $17.55 Mln. last year. -EPS: $0.50 vs. $0.49 last year. -Revenue: $656.89 Mln vs. $691.35 Mln last year.

-Guidance: Next quarter EPS guidance: $0.48 - $0.54 Next quarter revenue guidance: $620-$660 mln