Investing.com - Jabil Circuit reported on Wednesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Jabil Circuit announced earnings per share of $1.44 on revenue of $7.41B. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $7.67B.
Jabil Circuit shares are up 43.29% from the beginning of the year and are trading at $58.80 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Jabil Circuit shares lost 3.51% in pre-market trade the report.
Jabil Circuit follows other major Technology sector earnings this month
Jabil Circuit's report follows an earnings beat by Adobe on September 21, who reported EPS of $3.11 on revenue of $3.94B, compared to forecasts EPS of $3.01 on revenue of $3.89B.
Oracle had beat expectations on September 13 with first quarter EPS of $1.03 on revenue of $9.73B, compared to forecast for EPS of $0.9726 on revenue of $9.76B.
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