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Jabil Circuit (JBL) NewsBite - JBL Earnings Top Forecasts

Sep 30, 2009 (Fresh Brewed Media via COMTEX) --

Company: Jabil Circuit, Inc. (JBL)

Jabil Circuit (NYSE: JBL) opened at $13.04. So far today, the stock has hit a low of $12.93 and a high of $13.55. JBL is now trading at $13.33, up $1.05 (8.55%). Over the last 52 weeks the stock has ranged from a low of $3.10 to a high of $13.18. JBL is rising today after reporting a fourth-quarter profit of $5.5 million, or 3 cents per share, on revenue of $2.8 billion. Excluding one-time items, JBL earned 16 cents per share, topping analysts' forecasts of 8 cents per share on revenue of $2.66 billion. Technical indicators for the stock are bullish and S&P gives JBL a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on JBL the stock seems like it could be a candidate for a January out-of-the-money bull-put credit spread below the 10 range.

ABR-Seven Summits Strategic Investments NewsBite Goto www.iotogo.com/18w1 for our free report titled, The 18 Ways To Know When It's Time To Dump A Stock

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News Provided by COMTEX

Company: Jabil Circuit, Inc. (JBL)


Related terms: earnings, forecasts, nyse, profit, revenue, S&P

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