FYI - Jabil Circuit profit rises, sees growth
Thursday September 18, 4:18 pm ET
(Adds details throughout on guidance, stock price)
LOS ANGELES, Sept 18 (Reuters) - Jabil Circuit Inc. (NYSE:JBL - News), a contract manufacturer of technology products, said on Thursday its quarterly net income rose sharply from a year earlier, and it forecast revenue growth of about 20 percent in the new fiscal year.
The St. Petersburg, Florida-based manufacturer posted net income of $20.1 million, or 10 cents a share, for its fiscal fourth quarter ended Aug. 31, compared with a net profit of $1.8 million, or 1 cent a share, in the year-earlier period.
The rival of Flextronics International Ltd (NasdaqNM:FLEX - News), Sanmina-SCI Corp. (NasdaqNM:SANM - News) and Solectron Corp. (NYSE:SLR - News) said its fourth-quarter revenue rose to $1.3 billion from $1 billion a year earlier.
http://biz.yahoo.com/rc/030918/tech_jabil_earns_2.html
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