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US Stock Futures Up As Investors Await New-Home Sales Data, Crude Oil Rises Above $105 a barrel
Wednesday, March 23, 2011 - 5:24am | 495US stock futures are higher this morning, as investors are awaiting new-home sales data. Crude oil prices surged above $105 a barrel. Futures on the Dow Jones Industrial Average gained 27 points to 11,982.00 and S&P 500 index futures rose 3.30 points to 1,291.60. Futures for the Nasdaq 100 rose...
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Jabil Circuit Reports Q2 EPS of $0.54 vs. $0.51; Revenues $3.9B vs. $3.91B
Tuesday, March 22, 2011 - 3:04pm | 103Jabil Circuit, Inc. (NYSE: JBL), reported its preliminary, unaudited financial results for the second quarter of fiscal 2011. Net revenue for the second quarter of fiscal 2011 was $3.9 billion compared to $3.0 billion for the same period of fiscal 2010. GAAP diluted earnings per share for the...
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Jabil Circuit Returned 25.8% On Invested Cap (JBL)
Tuesday, March 22, 2011 - 3:04pm | 16Jabil Circuit Returned 25.8% On Invested Cap (NYSE: JBL)
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Citi Reiterates Hold Rating On PLXS
Tuesday, March 22, 2011 - 6:23am | 88Citi Reiterates Hold Rating On PLXS Citi is reiterating its Hold (2S) rating and $38 PT on Plexus Corp. (NASDAQ: PLXS), “representing 27% upside from current valuation.” “We remain cautious given PLXS' commentary around softening customer orders, which we have not heard from other EMS companies...
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Earnings Scheduled For March 22 (ADBE, CTAS, WAG, DFS, CCL, JBL, DG, GIII, SONC, CMC, FSII, WNI, NEOG, HWD)
Monday, March 21, 2011 - 11:48pm | 371Adobe Systems Incorporated (NASDAQ: ADBE) is expected to report its Q1 EPS at $0.57 on revenue of $1.03 billion. Cintas Corporation (NASDAQ: CTAS) is estimated to report its Q3 EPS at $0.36 on revenue of $907.56 million. Walgreen Company (NYSE: WAG) is projected to report its Q2 EPS at $0.80 on...
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Deutsche Bank Maintains Hold Rating On JBL
Monday, March 21, 2011 - 7:48am | 111Jabil Circuit Inc. (NYSE: JBL) reports earnings on Tues, March 22nd, Deutsche Bank reports. “We expect results to be in line with Street expectations and guidance (rev of $3.85-$3.95B and EPS of $0.49-$0.53; Street and DB at $3.91B/$0.51),” Deutsche Bank writes. “Recent concerns about a push out in...
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Citi Previews JBL, SMOD Earnings
Monday, March 21, 2011 - 6:46am | 166Jabil (NYSE: JBL) reports February results on Tuesday, March 22nd after the market close and SMART Modular (NASDAQ: SMOD) reports earnings on Thursday, March 24th after the market close, Citi reports. “We believe Jabil will report sales at the high end of guidance & EPS inline with guidance...
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Goldman Lowers PT On Sanmina-SCI To $11, COO Hari Pillai To Resign
Friday, March 18, 2011 - 8:17am | 172Goldman Sachs has published a research report on Sanmina-SCI Corporation (NASDAQ: SANM) after the company lowered its March guidance and announced its President and COO's resignation. In the report, Goldman Sachs writes "Sanmina lowered its March quarter guidance from $1.62-$1.67 bn/$0.40-$0.43 to...
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J.P. Morgan Reiterates OW Rating For JBL
Friday, March 18, 2011 - 7:33am | 103J.P. Morgan has published a report maintaining the Overweight Rating for Jabil Circuit (NYSE: JBL). According to the report, "Approaching FQ2 results and FQ3 guidance on Mar. 22 our long-term investment view remains constructive. However, we recognize Jabil could be challenged in the near term to...
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Maxwell Technologies' Heavy Transportation Ultracapacitor Module Receives Approvals From UK Vehicle Certification Agency
Thursday, March 17, 2011 - 4:01pm | 48Maxwell Technologies, Inc. (Nasdaq: MXWL) announced today that the North American office of United Kingdom's Vehicle Certification Agency has granted European Economic Community -Type Approval and Conformity of Production clearance to Maxwell's 125-volt Heavy Transportation Module (HTM125).
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News Summary
Thursday, March 17, 2011 - 8:34am | 261Shares of FedEx Corp (NYSE: FDX) gained about 5.2% after the company reported its FQ3 earnings at $231 million, or $0.73 per share, compared with $239 million, or $0.76 per share, in the year-earlier period. The company's revenue increased 11% to $9.66 billion. The company's adjusted earnings came...
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Benzinga's Top Pre-Market NASDAQ Losers (SANM, THQI, HSOL, SNBC)
Thursday, March 17, 2011 - 7:18am | 128Sanmina-SCI Corporation (NASDAQ: SANM) dipped 16.94% to $11.13 in the pre-market session. SANM issued weaker-than-expected Q2 projections. THQ Inc (NASDAQ: THQI) fell 4.97% to $4.40 in the pre-market session. THQI sold 375,000 copies of its new video game, "Homefront" on the 1st day in North...
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Sanmina-SCI Issues Weaker-Than-Expected Q2 Projections
Thursday, March 17, 2011 - 4:27am | 62Sanmina-SCI Corp (NASDAQ: SANM) projects Q2 EPS of $0.28 to $0.32, versus the estimates of $0.41. SANM projects Q2 revenue of $1.56 billion to $1.6 billion, versus the consensus of $1.65 billion. SANM shares dropped 0.52% to $13.33 in after-hours trading. Read more from Benzinga's Company news.
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Park Electrochemical Corp. Reports Potential Significant Supply Chain Issues in Japan
Tuesday, March 15, 2011 - 1:01pm | 107Park Electrochemical Corp. (NYSE: PKE) reported that a significant amount of the raw materials used to produce its products are sourced from suppliers and manufacturers based in Japan. Due to the difficulty in obtaining meaningful information regarding the conditions in Japan, the Company can not...
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Options Brief: Jabil Circuit, Inc. (JBL)
Monday, March 14, 2011 - 12:42pm | 72Shares of Jabil Circuit, Inc. (NYSE: JBL) are lower on the session by 1.27%, trading at $20.22. Overall put volume is now running at 2.66x the daily average, with 92% of all puts traded being purchases on the offer. 2,286 contracts have traded on the session so far. Jabil Circuit, Inc. is a...