Jabil Circuit Shares Fall As Outlook, Quarterly Results Miss Street View

By Markets MarketWatch Pulse

Jabil Circuit Inc. shares fell in the extended session Wednesday after the electronics company's quarterly results and outlook missed Wall Street targets. Jabil shares fell 8% to $20.20 after hours. For the fiscal third quarter, Jabil forecast adjusted earnings of 12 cents to 18 cents a share on revenue of $4.1 billion to $4.3 billion. Analysts surveyed by FactSet had estimated earnings of 51 cents a share on revenue of $4.75 billion. The company reported adjusted fiscal second-quarter earnings of 57 cents a share on revenue of $4.4 billion. Analysts had forecast earnings of 60 cents a share on revenue of $4.5 billion.

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