Jabil Circuit (JBL) Tops Q1 EPS by 1c, Beats on Revenues; Offers 2Q18 Revenue Guidance Above Consensus

Jabil Circuit (NYSE: JBL) reported Q1 EPS of $0.80, $0.01 better than the analyst estimate of $0.79. Revenue for the quarter came in at $5.59 billion versus the consensus estimate of $5.5 billion.

“Our second quarter guidance, which suggests ten percent revenue growth and nearly 25 percent core EPS growth year-on-year, is an absolute reflection of the momentum we have in our business today. Moreover, we anticipate the growth to continue in the second half of the fiscal year, resulting in core earnings per share of approximately $2.60 for 2018,” added Mondello.

First Quarter of Fiscal Year 2018 Highlights:

• Diversified Manufacturing Services (DMS) revenue growth: 13 percent
• Electronics Manufacturing Services (EMS) revenue growth: 6 percent
• Core operating income (Non-GAAP): $227 million
• Core diluted earnings per share (Non-GAAP): $0.80

GUIDANCE:

Jabil Circuit sees Q2 2018 EPS of $0.50-$0.74, versus the consensus of $0.61. Jabil Circuit sees Q2 2018 revenue of $4.75-5.05 billion, versus the consensus of $4.74 billion.

For earnings history and earnings-related data on Jabil Circuit (JBL) click here.

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