Revenue Update on Benchmark Electronics(NYSE:BHE)

Benchmark Electronics(NYSE:BHE) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Jul 21, 2016. Company reported revenue of $579.34M. Analysts estimated a revenue of $582.89M. Earnings per share were $0.31. Analysts had estimated an EPS of $0.32.

Benchmark Electronics (BHE) made into the market gainers list on Wednesdays trading session with the shares advancing 1.43% or 0.32 points. Due to strong positive momentum, the stock ended at $22.77, which is also near the day’s high of $22.83. The stock began the session at $22.59 and the volume stood at 2,75,015 shares. The 52-week high of the shares is $23.58 and the 52 week low is $18.36. The company has a current market capitalization of $1,123 M and it has 4,93,09,715 shares in outstanding.

Several Insider Transactions has been reported to the SEC. On May 8, 2015, Peter G Dorflinger (director) sold 5,978 shares at $23.75 per share price.

Benchmark Electronics Inc. (Benchmark) is a provider of integrated electronic manufacturing services. Benchmark provides its services to original equipment manufacturers (OEMs) of industrial control equipment including aerospace and defense equipment telecommunication equipment medical devices and testing and instrumentation products. The Company’s operations consist of three principal areas: manufacturing and assembly operations including printed circuit boards and subsystem assembly box build and systems integration; precision technology manufacturing including precision machining metal joining assembly and functional testing and specialized engineering services including product design printed circuit board layout automation and test development. Benchmark’s facilities include 1.6 million square feet in its United States facilities and 2.2 million square feet in its facilities in China Malaysia Mexico the Netherlands Romania and Thailand.

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