Jabil Circuit (JBL) reports earnings Tue 17 Dec 2013 (a/h)

Jabil Circuit Inc. (JBL), a maker of electronics for Apple Inc. (AAPL) and Cisco Systems Inc. (CSCO), fell the most in six years after earnings missed estimates and the company announced plans to sell its warranty-repair business.

** charts after earnings **

  

** daily **

Jabil shares tumbled 21 percent to $15.67 at the close in New York, the biggest decline since December 2007. The stock (JBL:US) had been up 2.2 percent this year through yesterday.

The St. Petersburg, Florida-based company posted quarterly earnings yesterday of 51 cents a share, excluding some items. Analysts had estimated 54 cents on average, according to data compiled by Bloomberg. Sales fell 0.6 percent last quarter to $4.6 billion. Jabil also predicted sales declines for two of its three major business units in the current quarter.