Jabil Circuit Inc. Swings To Q4 Loss; Beats Views

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Jabil Circuit Inc.JBL
shares ticked upward in the extended session Wednesday after the company beat fiscal fourth-quarter expectations and offered a first-quarter outlook above the consensus. The St. Petersburg, Florida, company which provides manufacturing services to electronics companies, predicted first-quarter "core" earnings of $0.41 to $0.53 a share, on revenue of $4.2 billion to $4.4 billion. Wall Street expects $0.41 $4.11 billion. Jabil reiterated fiscal 2015 guidance calling for core earnings of $1.65 to $1.9 a share. In the recently ended period, Jabil swung to a loss of $26.2 million, or $0.13 a share, compared with year-earlier profits of $127 million, or $0.61 a share. Excluding items, core earnings equaled $0.05 a share compared with $0.46 a share a year earlier. Revenue fell to $4.1 billion, from 4.5 billion last year. Wall Street expected break-even results excluding items, on revenue of $3.83 billion. In after-hours trading Wednesday Jabil changed hands recently at $21.71 a share, up more than 4 percent.
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Posted In: EarningsNewsGuidanceAfter-Hours Center
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