WASHINGTON (dpa-AFX) - Jabil Circuit Inc. (JBL) reported first-quarter net income attributable to the company of $112.9 million or $0.54 per share, compared to $106.7 million or $0.49 per share in the prior year period.
Excluding certain items, core earnings for the quarter was $136.2 million or $0.65 per share, up from $132.1 million or $0.61 per share last year. On average, 13 analysts polled by Thomson Reuters expected earnings of $0.65 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues for the quarter grew to $4.33 billion from $4.08 billion last year, while twelve analysts estimated revenues of $4.41 billion for the quarter.
Looking forward to the second quarter of fiscal year 2012, Jabil anticipates earnings in the range of $0.41 to $0.51 per share, core earnings of $0.52 to $0.62 per share, and net revenues of $4.0 billion to $4.2 billion. The Street currently expect earnings of $0.60 per share and revenues of $4.24 billion for the second quarter.
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