Jabil Circuit Posts Solid Q3, Issues Q4 Guidance

Jabil Circuit, Inc. (NYSE:JBL) reported Q3 EPS of $0.58 today, just edging the consensus estimate for $0.57 per share. Revenues for the quarter grew 22.3% year-over-year to $4.23 billion, beating the consensus estimate for $4.14 billion.

Timothy L. Main, President and CEO of Jabil said, "Revenue growth was stronger than expected for our third quarter. We are pleased to demonstrate continued growth above our long-term targets. As a result, Jabil is poised to deliver record revenue and earnings in fiscal 2011."

The company expects revenues for Q4 to be in the range of $4.1 billion to $4.3 billion, vs. the consensus estimate for $4.3 billion, and EPS to be in the range of $0.52 to $0.60, vs. the consensus estimate for $0.61 per share.

Category:

News & Politics

Tags:

• Jabil Circuit
• JBL
• Earnings
• EPS
• Business
• Finance
• Stock
• Investing
• Trading