Tuesday, September 04, 2012 4:10:33 PM
I've read a-lot more than I've posted here, but have never seen discussion on this company. Anybody familiar with them?
PR released earlier today.
Last update: 9/4/2012 3:37:51 PM
15:37 EDT - Electronics contractor Jabil (JBL) drops as Raymond James trims its estimates for the just-concluded F4Q "to reflect an aggressive iPhone 5 ramp that could result in yield issues and margin volatility." The issues are similar to those seen 2 years amid iPhone 4's launch, and the investment bank contends that any impacts this go-around should be "short-lived" for JBL, a provider of the phone's metal enclosure. Raymond James adds investors should buy on any weakness resulting from iPhone impacts on results. JBL is down 5.4% at $21.55. Meanwhile, CFO Forbes Alexander said this afternoon at the Citi Technology Conference that macroeconomic trends are "lackluster." (anna.prior@dowjones.com)
(END) Dow Jones Newswires
September 04, 2012 15:37 ET (19:37 GMT)
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