Jabil Circuit Inc Reveals 21% Fall In Q1 Earnings

(RTTNews) - Jabil Circuit Inc (JBL) reported earnings for first quarter that decreased from last year.

The company said its bottom line totaled $129.64 million, or $0.69 per share. This was down from $164.88 million, or $0.85 per share, in last year's first quarter.

Analysts had expected the company to earn $0.64 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.1% to $5.10 billion. This was down from $5.21 billion last year.

Jabil Circuit Inc earnings at a glance:

-Earnings (Q1): $129.64 Mln. vs. $164.88 Mln. last year. -Earnings Decline (Y-o-Y): -21.4% -EPS (Q1): $0.69 vs. $0.85 last year. -EPS Decline (Y-o-Y): -18.8% -Analysts Estimate: $0.64 -Revenue (Q1): $5.10 Bln vs. $5.21 Bln last year. -Revenue Change (Y-o-Y): -2.1%

-Guidance: Next quarter EPS guidance: $0.35 - $0.57 Next quarter revenue guidance: $4.2 - $4.5 Bln