The chipmaker reported earnings of 5 cents a share, beating the Thomson Reuters consensus estimate of break-even earnings by 5 cents. Revenue fell 14.8% year over year to $4.1 billion for the quarter, compared to analysts' estimates of $3.83 billion.
Looking forward to the fiscal first quarter Jabil Circuit expects earnings of 24 cents to 40 cents a share, and revenue of $4.2 billion to $4.4 billion. Analysts expect earnings of 40 cents a share and revenue of $4.1 billion for the quarter.
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. Among the primary strengths of the company is its compelling growth in net income over time. At the same time, however, we also find weaknesses including a generally disappointing performance in the stock itself, feeble growth in the company's earnings per share and disappointing return on equity."