Jabil Q4 Results Top Estimates; Guides Q1 Above Consensus

(RTTNews) - Contract electronics manufacturer Jabil Circuit, Inc. (JBL) reported net income for the fourth quarter of $87.7 million or $0.45 per share, compared to a net loss of $26.2 million or $0.13 per share for the year-ago quarter.

Excluding items, core earnings for the fourth quarter were $103.2 million or $0.53 per share, compared to $10.2 million or $0.05 per share in the prior year quarter.

Net revenue for the fourth quarter rose to $4.68 billion from $4.06 billion a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.45 per share on revenue of $4.55 billion for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts net revenue of $5.1 billion to $5.3 billion, earnings of $0.56 to $0.74 per share and core earnings of $0.72 to $0.88 per share. Analysts currently expect the company to earn $0.61 per share on revenue of $4.91 billion for the first quarter.