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Earnings Analysis: 
Jabil Circuit Lowers Guidance
Author: Ivaylo Dagnev
123jump.com
Last Update: 9:31 AM EDT June 13 2006



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Jabil Circuit Inc, electronics contract manufacturer, lowered its outlook for core earnings in Q3 due to operational issues within its electromechanical business and at certain production and repair facilities in the America''s region.

 
Jabil Circuit Inc, (JBL), now envisages core earnings of 33 to 37 cents a share in Q3, below its prior estimate of 47 cents a share. Jabil added that core earnings exclude amortization of intangibles, the impact of stock-based compensation, and any charges or other factors. On a GAAP basis, the company guidance is between 26 and 30 cents a share for the quarter. It left intact its outlook for revenue of $2.5 billion to $2.6 billion for the period.

World Wrestling Entertainment Inc, (WWE), media and entertainment company, reported that Q4 income dropped to 15 cents a share, from 23 cents a year earlier on revenue decline to $114.3 million from $118.3 million in last year''s Q4. The company beat analysts’ forecasts for earnings of 13 cents a share.

Best Buy Co., (BBY), home electronics retailer, reported net income advanced to 47 cents a share, from 34 cents a share in the year-ago period on 14% sales growth. The company missed analysts, expectations for a profit of 36 cents a share.. The company''s domestic and international segments said same-store sales gained 4.6% and 7.1%, respectively.

Goldman Sachs, (GS), investment bank, reported Q2 net earnings of $4.78 a share, compared with $1.71 a share in the year-ago period on the strongest quarter in 6 years at its investment banking unit as well as strong trading results in fixed income and equities. The firm added that net revenue totaled $10.10 billion compared to $4.81 billion last year. The company beat analysts expectations for earnings of $4.28 a share.
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