Jabil Result 01/10/2014

Jabil Circuit Inc. has announced its preliminary fourth quarter and full year results. The company recorded a net loss in the final quarter of $26.2 million on turnover of $4 billion, which compares with a net profit in Q4 of the previous year of $127 million on turnover of $4.5 billion. For the year, Jabil’s net profit declined 35% to $241.3 million from $371.5 million, while turnover for the year fell 8.7% to $15.7 billion from $17.2 billion.