Jabil Circuit beats by $0.08, beats on revs; guides FebQ core EPS above consensus, revs above consensus; guides FY15 core EPS above consensus, revs above consensus
Reports Q1 (Nov) core earnings of $0.55 per share, excluding non-recurring items, $0.08 better than the Capital IQ Consensus Estimate of $0.47; revenues rose 4.8% year/year to $4.55 bln vs the $4.32 bln consensus. Co issues upside guidance for Q2 (Feb), sees core EPS of $0.39-0.50, excluding non-recurring items, vs. $0.38 Capital IQ Consensus Estimate; sees Q2 revs of $4.15-4.35 bln vs. $4.10 bln Capital IQ Consensus Estimate. Co issues upside guidance for FY15, sees core EPS of $1.85-2.15, excluding non-recurring items, vs. $1.81 Capital IQ Consensus Estimate; sees FY15 revs of $17.5-18.5 bln vs. $17.2 bln Capital IQ Consensus Estimate.
- "We had a very strong start to the fiscal year as our team exceeded expectations...Our results reflect strong demand within our Diversified Manufacturing Services segment as well as solid execution and performance across the entire business."