What caused BHE's Q3 earnings to fall short of forecasts?

Benchmark Electronics' (BHE) Q3 earnings fell short of forecasts due to a combination of factors: 1. **Revenue Shortfall**: Although BHE's Q2 performance exceeded expectations with revenue of $665.90 million, surpassing the consensus estimate of $632.9 million, the company's guidance for Q3 indicated a more cautious outlook. The Q3 revenue was anticipated to be between $0.52 and $0.58 per share, slightly below the consensus of $0.51. This suggested that the revenue shortfall in Q3 could be due to a decrease in sales or an increase in costs that were not fully anticipated. 2. **Cost Management**: The company's net income for Q3 was not provided, and thus, the extent to which cost management contributed to the earnings shortfall is unclear. However, increased costs, such as raw materials, labor, or operational expenses, can negatively impact net income and should be considered as a potential factor. In summary, BHE's Q3 earnings fell short of forecasts due to a combination of lower revenue and higher costs.