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UPDATE: J.P. Morgan Raising Price Target On Jabil Circuit After Earnings
Wednesday, June 22, 2011 - 7:17am | 171J.P. Morgan Chase & Co. is raising its price target on shares of Jabil Circuit (NYSE: JBL) to $24 from $23.50, and it is reiterating its Overweight rating on shares following earnings. In a note to clients, J.P. Morgan writes, "Despite our concerns over recent weak performance by several large...
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Deutsche Bank Maintains Hold on Jabil Circuit
Wednesday, June 22, 2011 - 6:48am | 130Deutsche Bank is out with its report today on Jabil Circuit (NYSE: JBL), maintaining Hold. In a note to clients, Deutsche Bank writes, "JBL's F3Q-11 results beat Street estimates, with E&I and DMS beating expectations. Guidance for F4Q-11 was below the Street, largely due to weakness in the...
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Goldman Sachs Lowers PT On JBL To $25
Wednesday, June 22, 2011 - 6:22am | 167Goldman Sachs, citing disappointing margins and a reduction in estimates, has lowered its price target on Jabil Circuit (NYSE: JBL) from $26 to $25 but is maintaining its Buy rating on the stock. Says Goldman Sachs, in its report, “We view the pause in Jabil's margins as a minor setback and...
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US Stock Futures Down, Fed In Focus
Wednesday, June 22, 2011 - 5:17am | 531US stock futures are lower this morning, as investors are awaiting the latest interest-rate decision from the Federal Reserve. The Greek government won a key confidence vote late Tuesday. Futures on the Dow Jones Industrial Average dipped 24 points to 12,064.00 and futures on the S&P 500 stock...
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Goldman Sachs Lowers PT On Jabil Circuit To $25
Wednesday, June 22, 2011 - 5:05am | 27Goldman Sachs has lowered the price target on Jabil Circuit (NYSE: JBL) from $26 to $25 and maintains its Buy rating.
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JP Morgan Raises PT On Jabil Circuit To $24
Wednesday, June 22, 2011 - 4:54am | 27JP Morgan has raised the price target on Jabil Circuit (NYSE: JBL) from $23.50 to $24 and maintains its Overweight rating.
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Stocks To Watch For June 22
Tuesday, June 21, 2011 - 11:40pm | 301Some of the stocks that may grab investor focus today are: Wall Street expects Bed Bath & Beyond Inc (NASDAQ: BBBY) to post its Q1 earnings at $0.63 per share on revenue of $2.08 billion. BBBY shares dropped 0.16% to $53.97 in after-hours trading. Adobe Systems Inc (NASDAQ: ADBE) posted a 54...
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U.S. Stocks Gallop Ahead In Higher Trade
Tuesday, June 21, 2011 - 4:07pm | 69The major indexes rose sharply and finished near their session highs on Tuesday, helped by optimism over Greece's debt crisis. The Nasdaq composite climbed 2.2%, the NYSE composite 1.5% and the S&P 500 1.3%. Volume was up across the board from Monday's light levels. After hours, Jabil Circuit (...
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SMART Modular Technologies Reports Diluted GAAP EPS of $0.03
Tuesday, June 21, 2011 - 3:17pm | 143Shares of SMART Modular Technologies (NASDAQ: SMOD) are trading flat in the after-hours following the release of the company's Q3 earnings results. Currently, shares are bid $9.18, at $9.19; they closed the regular session higher by 0.44%, at $9.20. SMART Modular Technologies reported Q3 EPS of $...
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Jabil Circuit Beats Estimates
Tuesday, June 21, 2011 - 3:14pm | 190Shares of Jabil Circuit, Inc. (NYSE: JBL) are trading higher in the after-hours following the release of the company's Q3 earnings results. Currently, shares are higher by 0.85%, at $19.01; they closed the regular session higher by 3.23%, at $18.85. Jabil Circuit, Inc. reported Q3 EPS of $0.58 on...
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Market Roundup
Tuesday, June 21, 2011 - 9:49am | 392Shares of Jefferies Group Inc (NYSE: JEF) fell about 1.3% after the company reported a 3.8% drop in its fiscal second-quarter profit on Tuesday. Jefferies reported its quarterly profit at $80.6 million, or $0.36 per share, down from $83.8 million, or $0.41 per share, in the year-earlier period....
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US Stock Futures Signal Higher Start On Wall Street
Tuesday, June 21, 2011 - 5:21am | 483US stock futures are higher this morning, ahead of a confidence vote in the Greek parliament later in the day. Futures on the Dow Jones Industrial Average surged 41 points to 12,054.00 and futures on the S&P 500 stock index rose 4.90 points to 1,278.70. Nasdaq 100 futures gained 7.50 points to...
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Earnings Scheduled For June 21
Monday, June 20, 2011 - 11:20pm | 331Jabil Circuit Inc (NYSE: JBL) is projected to report its FQ3 earnings at $0.57 per share on revenue of $4.14 billion. Barnes & Noble Inc (NYSE: BKS) is estimated to post a FQ4 loss at $0.91 per share on revenue of $1.39 billion. Commercial Metals Company (NYSE: CMC) is expected to report its...
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Stocks To Watch For June 21
Monday, June 20, 2011 - 11:10pm | 264Some of the stocks that may grab investor focus today are: Wall Street expects Adobe Systems Inc (NASDAQ: ADBE) to report its FQ2 earnings at $0.51 per share on revenue of $994.78 million. ADBE shares declined 1.65% to $30.44 in after-hours trading. Analysts are expecting Carnival Corp (NASDAQ:...
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Earnings Preview for Jabil Circuit
Monday, June 20, 2011 - 8:09am | 360Jabil Circuit (NYSE: JBL) is set to report third-quarter fiscal 2011 results Tuesday, June 21, after the markets close. Analysts are looking for the tech company to report that earnings grew 29.8% from a year ago to $0.57 per share. Sixty days ago, that consensus earnings estimate was the same. The...