After-Hours Movers 3/25: Clear Channel (CCU) Sinks As Buyout Near Collapse, Jabil (JBL) Down on Guidance
StreetInsider.com After-Hours Movers:
Clear Channel Communications (NYSE: CCU) 21% LOWERL According to reports from the Wall Street Journal, the $19 billion buyout of Clear Channel is near collapse as the private equity firms behind the deal, Thomas H. Lee and Bain Capital Partners, and the banks failed to resolve differences over the terms of the financing.
Jabil Circuit, Inc. (NYSE: JBL) 13.3% LOWER; reports Q2 EPS of $0.20, 2 cents better than the analyst estimate of $0.18. Revenues for the quarter were $3.1 billion, versus the consensus of $3.04 billion. Sees Q3 EPS of $0.18-$0.22, versus the consensus of $0.34. Sees Q3 revs of $3.05-$3.15 billion, versus $3.25 billion. FY08 EPS are expected to be $1.00-$1.16, versus $1.29 and revs of $12.6-$12.8 billion, versus $13.1 billion.
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