Electronic parts maker Jabil Circuit Inc. said Tuesday that preliminary results show it posted a profit in the second quarter, reversing a loss that was mainly due to the lack of a goodwill impairment charge. Jabil Circuit Inc. trades on the “New York Stock Exchange” under the stock symbol “JBL”. For More information regarding the "JBL", make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Electronic parts maker Jabil Circuit Inc.(NYSE:JBL) said Tuesday that preliminary results show it posted a profit in the second quarter, reversing a loss that was mainly due to the lack of a goodwill impairment charge.
Net income in the three months to Feb. 28 was $29.8 million, or 14 cents per share, compared to a loss of $866.1 million, or $4.19 per share, in the same period a year earlier. That period was affected by a $705.1 million charge to write down goodwill.
The company said its quarterly core earnings came to 29 cents per share from 13 cents per share a year earlier. Jabil also said it expected revenue between $3.1 billion and $3.3 billion in the third quarter, with core earnings per share of 30 cents to 36 cents. Analysts were looking for $3.12 billion in revenue and 32 cents of earnings per share in the third quarter.
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