Jabil Circuit Slips To Loss In Q2; Issues Q3 Outlook - Quick Facts

(RTTNews) - Jabil Circuit Inc. (JBL) Wednesday reported second-quarter net loss attributable to the company of $38.7 million, or $0.19 per share, compared to net income of $88.5 million, or $0.43 per share in the comparable quarter last year.

Core earnings for the quarter plunged to $20.3 million, or $0.10 per share from $94.0 million, or $0.45 per share last year.

On average, 12 analysts polled by Thomson Reuters expected earnings of $0.11 per share for the quarter. Analysts' estimates typically exclude special items.

For the latest second quarter, revenues declined to $3.58 billion from $4.17 billion in the year-ago period, while ten analysts estimated revenues of $3.61 billion for the quarter.

Looking forward to the third quarter, the company expects earnings of $0.74 to $1.04 per share, core loss of $0.20 to $0.00 per share and net revenues of $3.5 billion to $3.7 billion. Analysts currently estimate earnings of $0.18 per share and revenues of $3.67 billion for the quarter.