Fitch Ratings has affirmed the Issuer Default Rating (IDR) and outstanding debt ratings of Jabil Circuit, Inc. (Jabil) as follows:

Jabil Circuit Inc. (JBL)

Jabil Circuit Inc. (JBL)

Jabil Circuit Inc. (JBL)

Jabil Circuit Inc. (JBL)

Jabil Circuit Inc. (JBL)

Jabil Circuit Inc. (JBL) opened at 16.45. So far today, the stock has hit a low of 15.38 and a high of 16.45. JBL is now trading at 15.48, down 0.76 (-4.62%). The stock hit its 52 week high of 25.80 in September and set its 52 week low of 9.03 in March. JBL fell for most of the past year, but is showing signs of rebound recently. Shares of Jabil Circuit have been tumbling today with other printed circuits operators dragged down by Celestica Inc. (CLS) which posted disappointing second-quarter revenue, and issued third-quarter guidance below analysts' predictions. Technical indicators for the stock are bullish but slightly deteriorating while S&P gives JBL a neutral 3 STARS (out of 5) hold rating. If you're looking for a hedged play on this stock, consider a September bear-call credit spread above the $17.50 range. JBL stock could rise up to 13% before expiration and this position would still be profitable.

Jabil Circuit Inc. (JBL)

Jabil Circuit Inc. (JBL)

Jabil Circuit, Inc. (NYSE:JBL), a global electronic product solutions company, today announced that its Board of Directors has approved payment of a quarterly dividend to shareholders of record as of August 15, 2008. The dividend of $0.07 per share is payable on September 2, 2008.

Location Based Technologies, a service provider of personal locator devices and services, announced it has commenced pilot production of its PocketFinder family of location devices at the Le Mans, France facility of Jabil Circuit, its manufacturing partner.

Location Based Technologies, a service provider of personal locator devices and services, announced it has commenced pilot production of its PocketFinder family of location devices at the Le Mans, France facility of Jabil Circuit, its manufacturing partner.

ST. PETERSBURG -- This week, news broke that Pinellas County could lose one of its corporate heavyweights, St. Petersburg-based Jabil Circuit.

Jabil Circuit, Inc. (JBL) announced results for the third quarter of fiscal 2008. Revenue for the quarter was $3,088.3 million, an increase of 2.9% from $3,001.9 million reported in the year-ago quarter. This was at the low-end of the company's guidance of $3.05 billion to $3.15 billion range. GAAP EPS in the quarter was $0.19 versus $0.03 in the comparable quarter last year. This was above company's guidance of $0.09 to $0.13 range. For the fourth quarter of fiscal 2008, Jabil expects revenue in the range of $3.2 billion to $3.3 billion, with an estimated core operating margin range of 3.0% to 3.3%. Core EPS for its fourth quarter of fiscal 2008 is anticipated to be in a range of $0.29 to $0.33 range. Selling, general and administrative expenses are estimated to be approximately $118 million, research and development costs are expected to be approximately $9 million, and amortization of intangibles to be approximately $9 million. Management also updated guidance for the full year 2008. It currently expects full-year revenue in the range of $12.7 billion to $12.8 billion, with core operating income in the range of $370 million to $385 million or 3.0% of revenue. Core EPS is expected in the $1.11 to $1.15 range. Although Jabil has been showing signs of improvement from restructuring activities, the near-term risks of slowing end markets have prompted the company to issue disappointing revenue guidance for 2008. Given improvements in JBL's operations, we do believe that the stock should trade in-line with the industry median. Our price target of $15.00 reflects a multiple of 10.3x our 2009 estimated EPS of $1.45. Read the full analyst report on JBL

Jabil Circuit Inc. (JBL)

Chuck Mikolajczak cm

Jabil Circuit Inc. Wednesday was upgraded to buy from neutral at Merrill Lynch, which cited the electronic parts manufacturer's better-than-expected results for the third quarter.

Tomi Kilgore tk1

Tomi Kilgore tk1

Location Based Technologies (OTCBB:LBAS), a leading-edge family service provider of personal locator devices and services, today announced it has commenced pilot production of its PocketFinder(R) family of location devices at the Le Mans, France facility of Jabil Circuit, Inc. (NYSE:JBL), its global manufacturing partner.

Jabil Circuit Inc. (JBL)

Jabil Circuit Inc (NYSE : JBL) will host a conference call to discuss its Q3 2008 financial results.

Jabil Circuit Inc. (NYSE: JBL) said it expects fourth quarter non-GAAP earnings of $0.29 to $0.33 per share, GAAP earnings of $0.21 to $0.25 per share, and revenue of $3.20 billion to $3.30 billion. The current consensus estimate is for non-GAAP earnings of $0.29 per share, GAAP earnings of $0.24 per share, and revenue of revenue of $3.19 billion for the quarter ending August 31, 2008.

Jabil Circuit Inc. reported late Tuesday third-quarter adjusted earnings of $52.8 million, or 26 cents a share, beating the mean estimate of analysts polled by Thomson Reuters of 20 cents a share.

Brigid Gaffikin bg