Jabil Circuit (JBL) Misses Q2 EPS by 3c, Q3 Guidance Falls Short
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Argus Downgrades Jabil Circuit (JBL) to Hold
March 18, 2016 8:39 AM EDTArgus downgraded Jabil Circuit (NYSE: JBL) from Buy to Hold.
The downgrade comes after the company lowered its revenue and EPS projections for fiscal 2016, likely reflecting reduced demand from top customer Apple.
"Given the quality of the underlying business, we... More
Deutsche Bank Cuts Price Target on Jabil Circuit (JBL) Following 2Q Miss
March 17, 2016 9:24 AM EDTDeutsche Bank maintained a Hold rating on Jabil Circuit (NYSE: JBL), and cut the price target to $21.00 (from $25.00), following the company's 2Q earnings report. JBL reported sales of $4.4B and EPS ex-options of $0.57 lower than the Street at $4.5B/$0.60. Weakness in the... More
UBS Remains Sidelined on Jabil Circuit (JBL) Following 2Q Weakness
March 17, 2016 9:11 AM EDTUBS maintained a Neutral rating on Jabil Circuit (NYSE: JBL), and cut the price target to $22.00 (from $25.00), following the company's 2Q earnings report. In F2Q Green Point sales came in $150mn below expectations, but higher margins in the EMS business mitigated the overall impact on EPS. The... More
Needham & Company Remains Bullish Despite Jabil Circuit's (JBL) Weak 2Q Results
March 17, 2016 7:41 AM EDTNeedham & Company maintained a Buy rating on Jabil Circuit (NYSE: JBL), and cut the price target to $25.00 (from $29.00), following the company's 2Q earnings report. JBL reported F2Q results of $4.4B and $0.57 in non-GAAP EPS (ex. opt), vs. guidance for $4.4-4.7B/$0.54-0.70 (consensus $4.5B/$0.60).... More
Apple (AAPL) Declines Post-Market After Jabil Issues Soft Q3 Guidance
March 16, 2016 4:33 PM EDTApple (NASDAQ: AAPL) declined post-market Wednesday after supplier Jabil Circuit (NYSE: JBL) reported Q3 guidance well below expectations.
Shares of Apple were lower by 0.85%.
... More