Benchmark Electronics Inc Q4 Profit Retreats 8%

(RTTNews) - Benchmark Electronics Inc (BHE) released earnings for fourth quarter that retreated compared to the same period last year.

The company said its earnings declined to $22 million, or $0.45 per share. This was lower than $24 million, or $0.48 per share, in last year's fourth quarter.

The company said revenue for the quarter fell 2.9% to $608 million. This was down from $626 million last year.

Benchmark Electronics Inc earnings at a glance:

-Earnings (Q4): $22 Mln. vs. $24 Mln. last year. -Earnings Decline (Y-o-Y): -8.3% -EPS (Q4): $0.45 vs. $0.48 last year. -EPS Decline (Y-o-Y): -6.2% -Revenue (Q4): $608 Mln vs. $626 Mln last year. -Revenue Change (Y-o-Y): -2.9%

-Guidance: Next quarter EPS guidance: $0.24 - $0.28 Next quarter revenue guidance: $530 - $550 Mln