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Jabil Circuit: Earnings Preview
Posted September 27, 2011
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By Zacks.com
Jabil Circuit Inc. (JBL), a leading electronic parts manufacturer, is scheduled to release its fourth quarter 2011 results on September 27, 2011, after the closing bell. In the run up to the earnings release, two analysts made an upward revision to their estimates for the quarter.
Looking Back at 3Q11
Jabil reported earnings of 49 cents per share, which missed the Zacks Consensus Estimate by a penny.
However, earnings per share (EPS) increased 75.0% year over year from 28 cents (including stock-based compensation but excluding amortization) reported in the prior-year quarter.
The strong results were driven by solid revenue growth in the quarter (up 22.2% year over year to $4.23 billion).
Revenues surpassed management's guided range of $4.1 billion to $4.2 billion in the third quarter. Higher quarterly revenues were attributable to market share gains, new customer wins and strong growth from emerging markets. The year-over-year growth was driven by strong results across all its segments. READ FULL ARTICLE HERE
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