Benchmark Electronics Lowers Q1 Projections

Benchmark Electronics Inc BHE lowered its projections for the first quarter. BHE lowered its Q1 adjusted earnings guidance to $0.23 to $0.26 per share, versus the consensus of $0.33. BHE reduced its Q1 revenue projections to $540 million, versus the consensus of $587.30 million. The company earlier projected Q1 adjusted earnings of $0.30 to $0.36 per share on revenue of $565 million to $605 million. BHE shares fell 1.87% to close at $18.41 on Friday. Read more from Benzinga's Company news.