Jabil Circuit Swings To Q4 Loss

(RTTNews) - Jabil Circuit, Inc. (JBL) reported a net loss for the fourth quarter of $26.2 million or $0.13 per share, compared to net income of $127.0 million or $0.61 per share for the year-ago quarter.

Excluding items, core earnings for th fourth quarter were $10.2 million or $0.05 per share, compared to $95.2 million or $0.46 per share in the prior year quarter.

Net revenue for the fourth quarter fell to $4.06 billion from $4.51 billion in the same quarter last year.

Analysts polled by Thomson Reuters expected the company to report break-even per share on revenue of $3.83 billion for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecast revenue of $4.2 million to $4.4 billion, earnings of $0.24 to $0.40 per share and core earnings of $0.41 to $0.53 per share. Analysts currently expect the company to earn $0.41 per share on revenue of $4.11 billion for the first quarter.

The company maintained its fiscal year 2015 outlook of $1.65 to $1.95 core earnings per share. Analysts currently expect the company to earn $1.74 per share for the fiscal year 2015.