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Benchmark Electronics Updates Guidance
January 8, 2003 |Estimated reading time: Less than a minute
Angleton, Texas -- Benchmark Electronics Inc. expects to exceed previous revenue guidance for the fourth quarter of $425 to $440 million.
Revenues for the fourth quarter are anticipated to be in the range of $460 to $470 million. Earnings estimates for the fourth quarter are also anticipated to exceed the range of previous guidance. With the strong demand levels experienced during the fourth quarter of 2002, Benchmark expects first quarter 2003 revenues, based on current indications from its customers, to be slightly below the fourth quarter.
At this time, the company is finalizing its financial closing for the fourth quarter ended December 31, 2002 and will report those results on February 5, 2003.
Benchmark Electronics Inc. is in the business of manufacturing electronics and provides its services to original equipment manufacturers of computers and related products for business enterprises, medical devices, video/audio/entertainment products, industrial control equipment, testing and instrumentation products, and telecommunication equipment. For more information, visit www.bench.com.