Benchmark expects 2Q sales below Wall Street's estimates

By Associated Press April 24, 2008 Comments (0)

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Electronics manufacturer Benchmark Electronics Inc. on Thursday forecast second-quarter sales below Wall Street expectations, after first-quarter revenue missed estimates amid slowing demand in several industries.

The company expects adjusted earnings of 35 cents to 41 cents per share for the quarter on sales of $715 million to $750 million.

Analysts, on average, expect a profit of 38 cents per share on sales of $767.3 million, according to a poll by Thomson Financial.

Shares fell 48 cents, or 2.8 percent, to $16.61 in morning trading.

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DocumentId: 629079, ~/articles/articlehandler.aspx, 7/6/2008 7:02:14 PM, No ticker

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