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Jabil Circuit Inc. (NYSE:JBL) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 4%.
Jabil Circuit Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 8.62% to $0.53 in the quarter versus EPS of $0.58 in the year-earlier quarter.
Revenue: Rose 4.28% to $4.42 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Jabil Circuit Inc. reported adjusted EPS income of $0.53 per share. By that measure, the company missed the mean analyst estimate of $0.54. It beat the average revenue estimate of $4.38 billion.
Quoting Management: “We are pleased with these results for the quarter, despite the obviously challenging macro environment,” said Jabil’s Chief Executive Officer, Mark T. Mondello. “During the quarter we made great progress on the Nypro acquisition and believe the market opportunities of our combined capabilities are considerable,” said Mondello. “We look forward to a successful completion of this deal in our fourth fiscal quarter.”
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