Jabil Circuit, Oracle: After-Hours Trading (Update 1)

Updated from 4:54 p.m. ET to include latest share prices, additional information on FSI International and On Assignment.

NEW YORK ( TheStreet) -- Shares of Jabil Circuit ( JBL) slipped in late trades after the provider of electronics manufacturing services posted an inline profit for its fiscal second quarter but came up short of consensus on the low range of its outlook for the third quarter.

The St. Petersburg, Fla.-based company reported core earnings of $123.2 million, or 58 cents a share, for the three months ended Feb. 29 on revenue of $4.24 billion. The average estimate of analysts polled by Thomson Reuters was for a profit of 58 cents a share on revenue of $4.09 billion.

The fact that the company couldn't convert the higher than anticipated revenue into any upside on the bottom line is disappointing. In a business where margins are already razor thin, Jabil saw selling, general and administrative expenses rise to $160.8 million in the latest period from $141.8 million last year.

The stock was last quoted at $25.85, down 2.4%, on volume of 120,000, according to Nasdaq.com. Based on Tuesday's regular session close at $26.49, the shares are up 43% in the past year, reflecting a 38% gain so far in 2012. Since hitting a 52-week low of $13.94 on Aug. 19, the stock has appreciated 90%.

For its fiscal third quarter ending in May, Jabil forecast core earnings of 60 to 70 cents a share on revenue ranging from $4.2 billion to $4.4 billion. Wall Street's current consensus view is for a profit of 65 cents a share on revenue of $4.35 billion.

Jabil shares currently trade at a forward price-to-earnings multiple of 9X, more expensive than rivals Sanmina-SCI ( SANM) at 6.6X and Flextronics ( FLEX) at 7X.

Check out TheStreet's quote page for Jabil Circuit for year-to-date share performance, analyst ratings, earnings estimates and much more.

Oracle

Oracle ( ORCL) shares ticked higher in the extended session after the database giant cruised past Wall Street's expectations for its fiscal third quarter.

The database giant reported a non-GAAP profit of $3.13 billion, or 62 cents a share, for the three months ended Feb. 29 on revenue of $9.06 billion. The average estimate of analysts polled by Thomson Reuters was for earnings of 56 cents a share in the quarter on revenue of $9.02 billion.

The stock was last quoted at $30.54, up 1.5%, on volume of roughly 5 million, according to Nasdaq.com. Year-to-date, based on Tuesday's regular-session close at $30.10, the shares have gained 16%.

Also active after the bell was Krispy Kreme Doughnuts ( KKD), whose stock rose nearly 4% after the Winston-Salem, N.C.-based doughnut seller reported an adjusted profit of $4 million, or 6 cents a share, for its fiscal fourth quarter ended Jan. 29. Revenue rose 11.2% year-over-year to $102 million from $91.7 million.

These results were largely in line with the average analysts' estimate for earnings of 6 cents a share on revenue of $101.3 million.

For the whole of fiscal 2012, which ends next January, Krispy Kreme reaffirmed expectations for adjusted earnings of 35 to 41 cents a share. Wall Street's current consensus view is for a profit of 35 cents a share.

The stock was last quoted at $8.80, up 31 cents, on volume of more than 120,000, according to Nasdaq.com.

Check out TheStreet's quote page for Krispy Kreme Doughnuts for year-to-date share performance, analyst ratings, earnings estimates and much more.

Other stocks on the move included FSI International ( FSII), whose stock was up 14% to $5.25 on volume of more than 560,000 after the maker of microelectronics capital equipment reported fiscal third-quarter earnings of $3.7 million, or 9 cents a share, on revenue of $38.5 million, beating the average estimate of analysts polled by Thomson Reuters for a profit of 5 cents a share on revenue of $32.1 million; and On Assignment ( ASGN), whose shares jumped 24% to $17 on volume of nearly 25,000 after the IT staffing services provider agreed to acquire privately held Apex Systems for $600 million in cash and stock.

-- Written by Michael Baron in New York.

>To contact the writer of this article, click here: Michael Baron.

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

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