Jabil Circuit Inc Reports 67% Retreat In Q3 Bottom Line

(RTTNews) - Jabil Circuit Inc (JBL) released a profit for third quarter that dropped compared to the same period last year.

The company said its profit came in at $31.96 million, or $0.17 per share. This was lower than $96.48 million, or $0.49 per share, in last year's third quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.1% to $4.31 billion. This was down from $4.36 billion last year.

Jabil Circuit Inc earnings at a glance:

-Earnings (Q3): $31.96 Mln. vs. $96.48 Mln. last year. -Earnings Decline (Y-o-Y): -66.9% -EPS (Q3): $0.17 vs. $0.49 last year. -EPS Decline (Y-o-Y): -65.3% -Analysts Estimate: $0.16 -Revenue (Q3): $4.31 Bln vs. $4.36 Bln last year. -Revenue Change (Y-o-Y): -1.1%

-Guidance: Next quarter EPS guidance: $0.15 - $0.35 Next quarter revenue guidance: $4.15 - $4.35 Bln Full year EPS guidance: $1.85 Full year revenue guidance: $18.2 Bln