Whew !!!!!!!! :)
Jabil Circuit tops Q4 targets
By Chris Kraeuter, CBS.MarketWatch.com
Last Update: 4:56 PM ET Sept. 19, 2002
ST. PETERSBURG, Fla. (CBS.MW) -- Jabil Circuit, one of the world's largest contract manufacturers of electronic components, reported fiscal fourth-quarter financial results Thursday that were better than analysts expected.
Jabil earned $1.8 million, or 1 cent a share, on revenue of $988 million. During the same quarter last year, net income was $11.2 million, or 6 cents a share, on revenue of $944 million.
Excluding items, Jabil earned $30.3 million, or 15 cents a share.
Analysts surveyed by Thomson First Call expected earnings excluding items of 14 cents a share on sales of $939.6 million, on average.
Shares (JBL: news, chart, profile) ended the regular session down 1 percent at $16.67.
According to a statement, company executives said business conditions stabilized during the just completed quarter.
"The long-term trend to outsourcing is still fundamentally sound and the outlook for Jabil is very positive," said CEO Tim Main, adding that he expects "substantial growth" in most of the company's business segments during 2003.
For the first quarter, Jabil expects earnings excluding items between 14 and 16 cents a share on revenue of $1.04 billion. Analysts had expected earnings of 16 cents a share on revenue of $1.04 billion, on average.
Chris Kraeuter is a reporter for CBS.MarketWatch.com in San Francisco.
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Thu 5:05pm JBL [external] Jabil jumps, 3Com slumps following quarterly results - at CBS MarketWatch
Thu 4:56pm JBL [external] Jabil Circuit tops Q4 targets - at CBS MarketWatch
Thu 4:32pm JBL Jabil reports smaller 4th-qtr profit, revenue up - Reuters Company News
Thu 4:31pm JBL Jabil Circuit 4th Quarter Revenue $988 Million - Dow Jones Business News
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