Jabil Circuit Down Big Following Q2 Numbers

Filed under: Earnings Reports, Technology

Jabil Circuit (JBL), a tech entity that provides solutions to companies in the electronics industry, experienced some heavy selling after the market read through the second-quarter release. In fact, at the time of this writing, my screen was showing the shares down by almost 10%. And, as you can imagine, volume was compelling.

Things didn't seem too bad. Income on a core basis came in at 29 cents per diluted share. Last year at this time, the business took in 13 cents per diluted share on the same basis. According to Reuters, that 29-cent figure beat estimates by a penny. Plus, the guidance for the third quarter looks relatively good, at least to me, compared to what the analysts were thinking.

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Jabil Circuit Down Big Following Q2 Numbers originally appeared on BloggingStocks on Wed, 24 Mar 2010 17:20:00 EST. Please see our terms for use of feeds.

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