Jabil Result 22/03/2017

Jabil Circuit Inc. reported its FY17 Q2 result with net revenue of $4.4 billion and net income of $20.1 million, leading to a profit margin of 0.5%. The net revenues for the quarter were marginally higher by 1% on a yearly basis while the net income had fallen by 75% on the same basis.

However, the management believes that all the four business lines of the company have performed the same or better than expected. The company issued a guidance for FY17 Q3 result with net revenue to be in range of $4.25-$4.55 billion and operating income to be in range of $90-$130 million.