UPDATE: Jabil Circuit Posts Drop In FQ4 Profit, Issues Downbeat FQ1 Forecast

Jabil Circuit JBL reported a decline in its fiscal fourth-quarter profit and issued downbeat forecast for the fiscal first quarter. Jabil Circuit's quarterly profit declined to $82.8 million, or $0.39 per share, from $114.3 million, or $0.52 per share, in the year-ago period. Its revenue came in at $4.3 billion. Excluding one-time items, its core earnings came in at $0.54 per share. However, analysts were expecting earnings of $0.58 per share on revenue of $4.23 billion. Jabil Circuit expects FQ1 earnings of $0.51 to $0.62 per share on revenue of $4.3 billion to $4.5 billion. However, analysts were expecting earnings of $0.67 per share on revenue of $4.53 billion. Jabil Circuit shares dropped 4.24% to $20.08 in after-hours trading.