Deutsche Bank Cuts Price Target on Jabil Circuit (JBL) Following 2Q Miss
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Jabil Posts Second Quarter Results
March 16, 2016 4:02 PM EDTUpdates Full Year Guidance
ST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Today Jabil Circuit, Inc. (NYSE: JBL) reported preliminary, unaudited financial results for its second quarter of fiscal year 2016, including second quarter net revenue of $4.4 billion reflecting a two percent revenue increase over fiscal 2015.
Im pleased to report second quarter results that were largely in line with our guidance and expectations, said CEO Mark Mondello. The performance of our EMS segment was outstanding and above expectations, while our DMS segment grew modestly as we faced a slight downturn... More
