Contract electronic manufacturer Jabil Circuit (JBL) this afternoon reported fiscal Q1 revenue below analysts’ estimates, though it met expectations for profit per share. The company forecast the current quarter’s results to miss estimates.
Revenue in the three months ended in November rose 6%, year over year, to $4.3 billion, yielding EPS of 54 cents.
Analysts had been modeling $4.4 billion and 65 cents, excluding some costs.
For the current quarter, the company sees revenue in a range of $4 billion to $4.2 billion, and earnings per share of 52 cents to 62 cents. At the midpoint, those ranges are below the $4.2 billion and 59 cents the Street has been modeling.
CEO Timothy Main said the company was seeing typical “seasonal” patterns of demand for its work this quarter, and “Although the economic environment has a number of uncertainties, we are on track to deliver another record year in fiscal 2012.”
Jabil management will hold a conference call with analysts at 4:30 pm, Eastern time, and you can catch the Webcast here.
Jabil shares are down 75 cents, or almost 4%, at $19.20 in late trading.
No comments :
Post a Comment