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Technology Stocks : Jabil Circuit (JBL) -- Ignore unavailable to you. Want to Upgrade?

To: Asymmetric who wrote (6179)	2/21/2003 4:08:51 AM
From: Asymmetric	Read Replies (1) \| Respond to of 6317

Jabil Circuit CFO says current qtr view on track SAN FRANCISCO, Feb 11 (Reuters) - The chief financial officer of Jabil Circuit (JBL) said on Tuesday the contract manufacturer's financial outlook for its current quarter was unchanged. Jabil CFO Chris Lewis, speaking at a Banc of America Securities technology conference in San Francisco, said the guidance provided in December by the rival of Flextronics, Sanmina-SCI and Solectron was still on track. Jabil had said it expected to post revenue of $1.1 billion to $1.2 billion in the current quarter, its fiscal second, with earnings per share excluding items at 15 cents to 17 cents. Lewis said Jabil expects business in its networking, computing and storage, consumer electronics and instrumentation and medical product lines to be solid in the current quarter. Jabil has been diversifying its customer base in recent years to offset weak demand from communications equipment companies, some of the hardest hit companies in the long-running technology downturn. The St. Petersburg, Florida-based maker of products for major technology companies like Cisco, Dell Computer and Hewlett-Packard in its fiscal first quarter ended Nov. 30 reported earnings before items of $30.6 million, or 15 cents a share. Revenues rose to $1.07 billion from $885 million. Analysts had, on average, expected first-quarter earnings before charges of 16 cents a share and sales of $1.13 billion, according to tracking service Thomson First Call. Jabil in its first quarter posted a net profit of $8.4 million, or 4 cents per share, compared with net earnings of $8.4 million, or 4 cents, a year earlier.