Jabil (JBL) expects FQ4 revenue of $3.7B-$3.9B and EPS of -$0.10 to $0.10 vs. a consensus of $3.78B and $0.02. FY15 (ends Aug. '15) guidance for EPS of $1.65-$1.95 has been reiterated; consensus is at $1.72.
Diversified manufacturing revenue totaled $1.6B in FQ3, enterprise & infrastructure $1.3B, and high-velocity systems (hurt by the loss of BlackBerry) $0.9B.
FQ4 segment guidance: Diversified manufacturing -6% Y/Y, enterprise & infrastructure -7%; high-velocity systems -38%.
Thanks to lower sales, gross margin fell to 5.7% from 7.1% a year ago. Jabil ended FQ3 with $1.3B in cash, and $1.7B in debt.
FQ3 results, PR