Benchmark: Q1 Earnings Snapshot

Associated Press Finance
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TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Benchmark Electronics Inc. (BHE) on Wednesday reported first-quarter earnings of $12.4 million.

The Tempe, Arizona-based company said it had profit of 35 cents per share. Earnings, adjusted for one-time gains and costs, came to 42 cents per share.

The electronic manufacturing services company posted revenue of $694.7 million in the period.

For the current quarter ending in June, Benchmark expects its per-share earnings to range from 43 cents to 49 cents.

The company said it expects revenue in the range of $670 million to $710 million for the fiscal second quarter.

Benchmark shares have decreased 18% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $21.82, a decrease of slightly more than 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BHE at https://www.zacks.com/ap/BHE

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