Let's hope there's no "guilt by association" in the morning....
NEW YORK, June 15 (Reuters) - The stock of Jabil Circuit
Inc. (NYSE:JBL), the No. 3 circuit-board manufacturer in the
United States, slumped 11 points to 43 in after-hours trade on
the Instinet electronic trading system.
The stock plunged after the St. Petersburg, Fla.-based
company reported fiscal third-quarter earnings of 29 cents per
diluted share -- exactly matching Wall Street's expectations,
according to First Call's consensus estimate. A year ago, Jabil
Circuit earned 23 cents per diluted share.
Net income rose to $24.4 million for the third quarter from
$17.3 million a year ago.
Third-quarter revenues totaled $522.5 million, up from
$309.6 million in the year-ago quarter, Jabil Circuit said.
Jabil Circuit makes circuit board assemblies for equipment
manufacturers in the communications, personal computer and
computer peripheral, automotive and consumer markets.
Its biggest customers include Cisco Systems Inc.(NASDAQ:CSCO),
3Com Corp. (NASDAQ:COMS) and Hewlett-Packard Co.(NYSE:HWP), according
to Hoover's Company Profiles.
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