Benchmark Electronics Inc Q2 Earnings Fall 32%

(RTTNews) - Benchmark Electronics Inc (BHE) released a profit for second quarter that dropped from last year.

The company said its profit came in at $15 million, or $0.31 per share. This was down from $22 million, or $0.42 per share, in last year's second quarter.

Analysts had expected the company to earn $0.32 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 12.8% to $579 million. This was down from $664 million last year.

Benchmark Electronics Inc earnings at a glance:

-Earnings (Q2): $15 Mln. vs. $22 Mln. last year. -Earnings Decline (Y-o-Y): -31.8% -EPS (Q2): $0.31 vs. $0.42 last year. -EPS Decline (Y-o-Y): -26.2% -Analysts Estimate: $0.32 -Revenue (Q2): $579 Mln vs. $664 Mln last year. -Revenue Change (Y-o-Y): -12.8%

-Guidance: Next quarter EPS guidance: $0.33 - $0.38 Next quarter revenue guidance: $570- $600 Mln