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April 11, 2011, 7:21 a.m. EDT

Benchmark Electronics cuts first-period estimates

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By Robert Daniel

BHE

TEL AVIV (MarketWatch) -- Benchmark Electronics Inc., /zigman2/quotes/201136259/composite BHE +1.35% the Angleton, Texas, provider of contract design, manufacturing and engineering services for the computer industry, on Monday estimated first-quarter adjusted earnings at 23 cents to 26 cents a share on $540 million of sales. In February, the company had estimated first-quarter profit at 30 cents to 36 cents a share on sales of $565 million to $605 million. A survey of analysts by FactSet Research was estimating 33 cents and $587.3 million for the quarter. The company cited "softer-than-projected demand and temporary inventory corrections from some of its customers." Benchmark expects "a reversal of this sales decline" and "a rebound in the second quarter."

/zigman2/quotes/201136259/composite
US : U.S.: NYSE
$ 22.56
+0.30 +1.35%
Volume: 164,246
June 30, 2022 4:00p
P/E Ratio
20.69
Dividend Yield
2.93%
Market Cap
$782.06 million
Rev. per Employee
$218,870
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