TEMPE, Ariz. (AP) — TEMPE, Ariz. (AP) — Benchmark Electronics Inc. (BHE) on Tuesday reported first-quarter net income of $3.6 million.
The Tempe, Arizona-based company said it had net income of 10 cents per share. Earnings, adjusted for one-time gains and costs, came to 52 cents per share.
The electronic manufacturing services company posted revenue of $631.8 million in the period.
For the current quarter ending in June, Benchmark expects its per-share earnings to range from 52 cents to 58 cents.
The company said it expects revenue in the range of $615 million to $665 million for the fiscal second quarter.
Benchmark shares have dropped 16% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $38.27, a rise of 22% in the last 12 months.
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