The Apple (AAPL) Halo Back? This Supplier is on Fire Thanks to Strong Apple Demand
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Apple (AAPL) Slapped on a Double Dose of Negative News
December 18, 2013 7:20 AM EST(Updated - December 18, 2013 8:34 AM EST)
Shares of Apple (NASDAQ: AAPL) are weaker in pre-open trade Wednesday as two items weigh. First, supplier Jabil (NYSE: JBL) posted a weak quarter and outlook and its shares are getting crushed to the tune of 19%. Second, a China Mobile (NYSE: CHL) deal has not been announced as expected.
On Jabil, the contract manufacturer reported Q1 EPS of $0.51, $0.04 worse than the analyst estimate of $0.55. Revenue for the quarter came in at $4.6 billion versus the... More
