Benchmark Electronics Q4 Earnings Rise, Beat Estimates

(RTTNews) - Benchmark Electronics, Inc. (BHE), a integrated contract manufacturing provider, Tuesday reported an increase in earnings for the fourth quarter, supported by growth in revenue. Earnings also topped analysts' estimates.

For the three months ended December, earnings surged to $67.49 million, or $1.24 per share, from $18.11 million, or $0.33 per share, a year earlier.

Excluding certain items, earnings increased to $23.52 million, or $0.43 per share, from $18.04 million, or $0.33 per share, last year.

On average, 6 analysts polled by Thomson-Reuters estimated the company's earnings to be $0.36 for the quarter. Analysts' estimates typically exclude one-time items.

Net sales for the fourth quarter increased to $756.84 million from $633.93 million a year earlier. Analysts had expected revenue of $701.07 million.

For the first quarter, the company expects revenue of $630 million to $660 million, and earnings per share in the range of $0.29 to $0.34. Analysts expect the company to report revenue of $643.84 million and earnings per share of $0.31.