Friday, June 22, 2007

Jabil shares jump after profit beats forecast

(Reuters) - Jabil after the market close on Thursday reported a profit excluding items of 23 cents per share for its third quarter ended May 31, compared with analysts' average estimate of 20 cents per share as compiled by Reuters Estimates. Revenue rose nearly 16 percent to $3 billion.




Its net income fell to $6.2 million, or 3 cents per share, from $64.2 million, or 30 cents, a year earlier, largely due to pretax charges for restructuring and write-downs.


Read more at Reuters.com Hot Stocks News

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