Though its FQ3 revenues missed estimates and its FQ4 guidance was slightly below expectations,...

|By:, SA News Editor

Though its FQ3 revenues missed estimates and its FQ4 guidance was slightly below expectations, contract manufacturer Jabil (JBL +6.8%) is shooting higher. Investors may have assumed the company, which sports a single-digit P/E, would offer a gloomier outlook given worries about slowing mobile phone and IT hardware demand. UBS expects strong orders from Apple (Jabil's only 10%+ customer) to give 2H sales a lift, even as orders from RIM and Cisco decline. (transcript)