Friday, November 9, 2007

Jabil Circuit, Inc. Forecast Lower than Expected

By Times wires

Published September 29, 2007

St. PETERSBURG - Jabil Circuit Inc., the maker of phones for Nokia Oyj and electronics for Hewlett-Packard Co., fell the most in six months in New York trading Friday after its forecast disappointed some investors. The company's shares dropped $1.66, or 6.8 percent, to close at $22.84 in New York Stock Exchange composite trading. The decline was the largest since March 23. Jabil has fallen 7 percent this year. Jabil said Thursday that sales this quarter would rise to $3.3-billion. It expects earnings to climb to between 33 cents and 37 cents a share, excluding some costs.

[Note: I apologize for posting old news. The purpose was to update readers on Jabil Circuit Inc., a to be new partner with Liquidmetal].

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