Jabil Circuit Q2 EPS Misses Estimates

Jabil Circuit (NYSE: JBL  ) fell just short of EPS estimates in its fiscal Q2 2013 results. For the quarter, revenue came in at $4.4 billion, up 4% on a year-over-year basis from the $4.2 billion in the same period of 2012. Non-GAAP net income, however, dropped to $109 million ($0.53 per diluted share) from Q4 2011's figure of $123 million ($0.58).

The revenue figure from the most recent quarter met analyst projections, but the electronics manufacturer's EPS narrowly missed expectations of $0.54.

Of Jabil Circuit's three reporting segments, revenues from two increased on a year-over-year basis: diversified manufacturing services, up 11%; and enterprise and infrastructure, up 12%. The decliner was high velocity, which fell 15%.


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