Benchmark Electronics Inc (BHE) has reported a notable increase in profit for its second quarter, surpassing market expectations.
The company posted earnings of $15.5 million, or $0.43 per share, compared to $14.0 million, or $0.39 per share, in the corresponding quarter of the previous year.
On an adjusted basis, which excludes specific items, Benchmark Electronics Inc recorded earnings of $21.0 million or $0.57 per share for the quarter.
This performance exceeded the consensus estimate of $0.51 per share, as compiled by Thomson Reuters, where analysts typically exclude special items.
However, the company's revenue for the quarter experienced a decline, falling 9.2% to $665.9 million from $733.2 million in the same period last year.
Here is a summary of Benchmark Electronics Inc's earnings based on Generally Accepted Accounting Principles (GAAP):
- **Earnings (Q2):** $15.5 million vs. $14.0 million last year.
- **Earnings Per Share (EPS) (Q2):** $0.43 vs. $0.39 last year.
- **Revenue (Q2):** $665.9 million vs. $733.2 million last year.
### Guidance
- **Next quarter EPS guidance:** $0.52 - $0.58
- **Next quarter revenue guidance:** $630 - $670 million
