** charts before earnings **
** charts after earnings **
- Jabil Circuit reports 3Q loss, beats on top line
- An important contract manufacturer for Apple, it said it expects its best-ever August-ending quarter, after meeting May's financial expectations, and that the business will continue to grow in 2018.
ST PETERSBURG, Fla. (AP) _ Jabil Circuit Inc. (JBL) on Wednesday reported a fiscal third-quarter loss of $25.3 million, after reporting a profit in the same period a year earlier.
The St Petersburg, Florida-based company said it had a loss of 14 cents per share. Earnings, adjusted for restructuring costs and stock option expense, were 31 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 29 cents per share.
The electronics manufacturer posted revenue of $4.49 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $4.41 billion.
For the current quarter ending in August, Jabil expects its per-share earnings to range from 50 cents to 74 cents.
The company said it expects revenue in the range of $4.7 billion to $5.1 billion for the fiscal fourth quarter. Analysts surveyed by Zacks had expected revenue of $4.79 billion.
Jabil shares have climbed 29 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed nearly 9 percent. In the final minutes of trading on Wednesday, shares hit $30.60, a rise of 65 percent in the last 12 months.
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