Benchmark Electronics Q2 2024 Adj EPS $0.57 Beats $0.51 Estimate, Sales $666.00M Beat $635.75M Estimate
Portfolio Pulse from Benzinga Newsdesk
Benchmark Electronics (NYSE:BHE) reported Q2 2024 adjusted EPS of $0.57, beating the estimate of $0.51. Sales were $666.00M, surpassing the $635.75M estimate but down 9.17% from last year.
July 30, 2024 | 8:09 pm
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Benchmark Electronics (NYSE:BHE) reported Q2 2024 adjusted EPS of $0.57, beating the analyst consensus estimate of $0.51 by 11.76%. Sales were $666.00M, surpassing the $635.75M estimate by 4.76%, but down 9.17% from the same period last year.
The positive earnings and revenue beats are likely to boost investor confidence in the short term, despite the year-over-year sales decline. The market often reacts favorably to companies that exceed analyst expectations.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100