Benchmark Electronics Beats Estimates (BHE)

Angleton, Texas-based Benchmark Electronics, Inc. BHE on Thursday morning released financial results that beat Wall Street expectations. Benchmark Electronics, Inc reported that its 4th quarter net income rose to $19.0 million, or 31 cents per share, up from $16.7 million, or 26 cents per share, a year earlier. Excluding special items, the company earned 37 cents per share. Benchmark Electronics, Inc reported revenue of $626.92 million, up from $600.22 million a year earlier. A poll of analysts conducted by Thomson Reuters showed an average Wall Street estimate of expected earnings of 35 cents per share, on revenue of $609.37 million. Benchmark Electronics, Inc. (BHE) ended the previous trading session at $19.84 per share. Analysts covering the company's stock have a consensus price target of $18.83 per share. Benchmark Electronics, Inc provides integrated electronics manufacturing, design and engineering services to original equipment manufacturers of computers and related products for business enterprises, medical devices, industrial control equipment, testing and instrumentation products, and telecommunication equipment. Read more from Benzinga's Company news.