Jabil Circuit (JBL - Get Report), the contract electronics manufacturer, said Wednesday that fiscal second-quarter earnings fell 9% to $88.5 million, or 43 cents a share, from year-earlier profit of $97.7 million, or 46 cents a share. Jabil attributed the earnings decline partly to costs that were higher than expected from its acquisition of Nypro in February. Adjusted earnings in the quarter were 53 cents a share on revenue of $4.42 billion. Analysts were looking for profit of 54 cents a share on revenue of $4.39 billion.
Nike (NKE - Get Report) is expected by Wall Street to report fiscal third-quarter earnings of 67 cents a share on revenue of $6.23 billion.
Micron Technology (MU - Get Report) is expected by analysts Thursday to post a fiscal second-quarter loss of 19 cents a share on revenue of $1.92 billion.
KB Home (KBH) is forecast to post a first-quarter loss of 22 cents a share on revenue of $360 million. On Wednesday, rival Lennar (LEN) said fiscal first-quarter earnings more than tripled as new orders and deliveries continued to rise.
Wall Street expects Ross Stores (ROST - Get Report) to report fourth-quarter earnings of $1.07 a share on sales of $2.75 billion. See-Through Yoga Pants, Then the Noise: Buy LULU Stock
-- Written by Joseph Woelfel >To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: email@example.com.