Jabil Circuit 3Q adjusted earnings beat Street estimates
NEW YORK, Jun 25, 2008 (Thomson Financial via COMTEX News Network) --
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.
In the same period a year earlier, the company posted adjusted earnings of
$47.4 million, or 23 cents a share.
Revenue for the period ended May 31 rose 3% to $3.09 billion from last
year's $3 billion. Analysts had expected sales of $3.09 billion for the quarter.
The St. Petersburg, Fla.-based electronic product solutions company expects
fourth-quarter adjusted earnings of 29 cents to 33 cents a share on revenue of
$3.2 billion to $3.3 billion.
Analysts, on average, are looking for a profit of 29 cents and revenue of
$3.19 billion for the fourth quarter.
The company expects 2008 adjusted earnings of $1.11 to $1.15 a share on
revenue of $12.7 billion to $12.8 billion.
Wall Street is calling for earnings of $1.06 a share on revenue of $12.7
billion for the year.
The stock closed the regular session at $14.33.
Wanfeng Zhou
wz/gm
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