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

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)
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