Benchmark Electronics Inc (BHE) reported a profit for third quarter that decreased from the same period last year but beat the Street estimates.
The company's bottom line came in at $15.37 million, or $0.42 per share. This compares with $20.41 million, or $0.57 per share, in last year's third quarter.
Excluding items, Benchmark Electronics Inc reported adjusted earnings of $20.71 million or $0.57 per share for the period.
Analysts on average had expected the company to earn $0.54 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter fell 8.6% to $657.75 million from $719.70 million last year.
Benchmark Electronics Inc earnings at a glance (GAAP) :
-Earnings (Q3): $15.37 Mln. vs. $20.41 Mln. last year.
-EPS (Q3): $0.42 vs. $0.57 last year.
-Revenue (Q3): $657.75 Mln vs. $719.70 Mln last year.
-Guidance:
Next quarter EPS guidance: $0.53 - $0.59
Next quarter revenue guidance: $640 - $680 Mln
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