Jabil Circuit (JBL) Tops Q1 EPS by 2c, Revenues Beat; Provides 2Q19 EPS/Revenue Guidance

Jabil Circuit (NYSE: JBL) reported Q1 EPS of $0.90, $0.02 better than the analyst estimate of $0.88. Revenue for the quarter came in at $6.5 billion versus the consensus estimate of $6.1 billion.

“I’m extremely pleased with our outstanding first quarter results. The team continued to ramp challenging new programs in targeted markets and achieved double-digit growth through excellent operational execution,” said CEO Mark Mondello. “These strong results reflect record revenue, operating income and core EPS. The exceptional performance is proof that our diversification strategy is working and delivering predictable returns,” he added.

“We expect this positive momentum to continue into our second quarter driven by strength in end-markets like automotive, cloud, healthcare and 5G wireless. I’m also pleased that the outlook for fiscal 2019 remains consistent as we deliver value for shareholders through strong earnings growth and year-over-year increasing cash flows,” added Mondello.

GUIDANCE:

Jabil Circuit sees Q2 2019 EPS of $0.51-$0.71, versus the consensus of $0.61. Jabil Circuit sees Q2 2019 revenue of $5.8-6.4 billion, versus the consensus of $5.81 billion.

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

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