Jabil Circuit Earnings Preview
Jabil Circuit Inc. (JBL) is set to announce its fiscal first quarter 2012 results on Tuesday, December 20, after the closing bell. In the run up to the earnings results, we did not notice a substantial movement in analysts’ estimates for the quarter.
Prior Quarter Highlights
The company reported fourth quarter 2011 earnings of 54 cents per share, beating the Zacks Consensus Estimate by a nickel. Earnings per share (EPS) increased 81.9% from 30 cents (including stock-based compensation but excluding amortization) reported in the year-ago quarter. The strong results were primarily driven by solid top-line growth and operating margin expansion in the quarter. Moreover, a decline in operating expenses helped the bottom line. Full details are available at Jabil Beats on Lower Cost.
Current Quarter Expectations
For the first quarter of 2012, Jabil expects net revenue in the range of $4.3 billion to $4.5 billion. The Zacks Consensus Estimate hasComplete Story »