Jabil Circuit Q2 EPS Misses Estimates
Jabil Circuit 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%.
The article Jabil Circuit Q2 EPS Misses Estimates originally appeared on Fool.com.Fool contributor Eric Volkman and The Motley Fool have no position in Jabil Circuit. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.