NEW YORK (TheStreet) -- Jabil Circuit (JBL) was gaining 0.8% to $18.40 in after-hours trading Wednesday following a full-year 2015 forecast that's above analysts' estimates, and despite missing analysts' estimates in its fiscal second quarter.
For the fiscal second quarter the company posted a loss of 19 cents a share, missing analysts' estimates of an earnings of 11 cents a share . Revenue fell 18.6% from the year-ago quarter to $3.58 billion. Analysts surveyed by Thomson Reuters expected revenue of $3.59 billion in the quarter.
Looking to the fiscal third quarter Jabil expects revenue of between $3.5 billion and $3.7 billion, while analysts predict $3.6 billion in revenue for the quarter. The company expects a loss of 20 cents a share or breakeven earnings, compared to analysts' estimates of 18 cents a share.
For the full-year fiscal 2015 ending August 2015 Jabil expects earnings of between $1.65 and $1.95 a share, above analysts' estimates of $1.63 a share.
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TheStreet Ratings team rates JABIL CIRCUIT INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate JABIL CIRCUIT INC (JBL) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its attractive valuation levels, notable return on equity and increase in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and generally higher debt management risk."