Newz(JBL) on Wednesday reported fiscal fourth-quarter profit of $398 million. The St Petersburg, Florida-based company said it had profit of $3.76 per share. Earnings, adjusted for stock option expense and amortization costs, were $4.40 per share.
The results beat Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.06 per share. The electronics manufacturer posted revenue of $10.62 billion in the period, which also topped Street forecasts.
Four analysts surveyed by Zacks expected $9.66 billion. For the year, the company reported profit of $1.04 billion, or $9.75 per share. Revenue was reported as $35.95 billion.
For the current quarter ending in November, Jabil expects its per-share earnings to range from $3.80 to $4.20. The company said it expects revenue in the range of $10.6 billion to $11.4 billion for the fiscal first quarter. Jabil expects full-year earnings to be $17.55 per share, with revenue expected to be $44.5 billion.
_____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JBL at https://www.zacks.com/ap/JBL Source (AP) — FactSet Research Systems Inc.
(FDS) on Wednesday reported fiscal fourth-quarter earnings of $121.1 million. On a per-share basis, the Norwalk, Connecticut-based company said it had net income of $3.41. Earnings, adjusted for one-time gains and costs, came to $4.52 per share.
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