TBO.com - TBO is Tampa Bay Online

Jabil Circuit Sales Fall, Losses Rise

ADVERTISEMENT

The Tampa Tribune

Published: March 25, 2009

TAMPA - The global economic downturn continues to take a toll on Jabil Circuit Inc.

The St. Petersburg-based electronics maker said sales fell 5.6 percent to $2.9 billion in the quarter ended Feb. 28. And net losses almost doubled to $42 million in that fiscal second quarter.

Those results were better than Wall Street analysts had expected, but the company projected slowing sales. It expects fiscal third-quarter sales of $2.5 billion to $2.7 billion and earnings that could swing between an 8-cent-a-share loss or an 8-cent-a-share profit.

Before Jabil released the news at the close of the market on Tuesday, Jabil stock had fallen 12 percent, or 53 cents, to $3.78 a share.

Richard Mullins

Share this:

Loading Comments...

Email Print

ADVERTISEMENT