Benchmark: 4Q Earnings Snapshot

February 7, 2019

SCOTTSDALE, Ariz. (AP) _ Benchmark Electronics Inc. (BHE) on Thursday reported fourth-quarter net income of $27.7 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the Scottsdale, Arizona-based company said it had profit of 64 cents. Earnings, adjusted for one-time gains and costs, were 41 cents per share.

The electronic manufacturing services company posted revenue of $657.1 million in the period.

For the year, the company reported net income of $22.8 million, or 49 cents per share, swinging to a profit in the period. Revenue was reported as $2.57 billion.

For the current quarter ending in April, Benchmark expects its per-share earnings to range from 29 cents to 37 cents.

The company said it expects revenue in the range of $570 million to $610 million for the fiscal first quarter.

Benchmark shares have climbed 28 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $27.06, a fall of almost 3 percent in the last 12 months.


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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