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Jabil Sees 2Q Charges Of $705M, Affirms 3Q View

Stock quotes in this article: JBL  

ST. PETERSBURG, Fla. (AP) — Jabil Circuit Inc. reported impairment charges totaling $705.1 million for its fiscal second quarter Thursday, but affirmed its earnings and sales forecast for the current period.

Last month the electronics parts maker posted a loss of $42.1 million, or 20 cents per share, for the quarter ended Feb. 28.

After calculating its goodwill impairment — taking into account its declining stock price and customer demand — the company said its loss amounted to $866.1 million, or $4.19 per share. ...

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