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Jabil suffers loss but sees signs of stability

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The Tampa Tribune

Published: June 24, 2009

TAMPA - Jabil Circuit Inc. swung to a loss during its most recent fiscal quarter, while the company said it is seeing signs of a more stable economy.

The St. Petersburg-based electronics maker said net revenue for the third quarter of fiscal 2009 was $2.6 billion, compared with $3.1 billion for the same period of fiscal 2008. The company posted a net loss of $28.8 million for the third quarter, compared with net income of $38.4 million for the same period a year ago.

"Although the global economy remains in a recession, we see genuine stabilization across most of our end-markets," President and CEO Timothy L. Main said in a statement.

Richard Mullins

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