JBL Q2'11 "Slightly Above" Consensus, Citi Reports

Jabil Circuit Inc (NYSE: JBL) reported Q2'11 (February) revenues of $3.93 billion, “slightly above consensus at $3.91 billion and above the mid-point of company's guidance of $3.85 to $3.95 billion,” Citi reports.

“Core-EPS of $0.54 is better than consensus/Citi estimates of $0.51 & above the company's guidance range of $0.53 to $0.49,” Citi writes. “Inventory remained flat in the quarter vs. the May outlook for sales of +4.4% to +6.9% q/q (5.6% at the mid-point). Cash flow from operations was $405 million & capex was $106.1 million. Stock traded +10% after hours.”

Jabil Circuit closed Tuesday at $18.93.