EmailJabil Circuit (JBL $19.81 +0.39) reported third quarter earnings of $0.64 per share, in-line with the Capital IQ Consensus of $0.64, while revenues rose 0.5% year/year to $4.25 billion versus the $4.29 billion consensus. The company issued downside guidance for the fourth quarter with EPS of $0.54-0.66, excluding non-recurring items, versus the $0.67 consensus and revenues of $4.1-4.35 billion versus the $4.39 billion consensus.
"We are delighted with the outstanding performance of our Diversified Manufacturing Services sector overall and we are actively expanding our capacity in order to meet the growing demands of numerous customers and products. The ramp-up of new products, combined with specific customer challenges and muted end-markets give us plenty to focus on in the fourth fiscal quarter. We believe success in the fourth quarter will set the stage for a brisk fiscal 2013 and a continuation of record setting years."
