Shares of Jabil Circuit, Inc. (NYSE:JBL) ended Thursday session in red amid volatile trading. The shares closed down -1.33 points or 5.60% at $22.40 with 8.10 million shares getting traded. Post opening the session at $22.08, the shares hit an intraday low of $21.84 and an intraday high of $22.79 and the price vacillated in this range throughout the day. The company has a market cap of $4.39 billion and the numbers of outstanding shares have been calculated to be 191.22 million shares.
Jabil Circuit, Inc. (JBL) on September 22, 2016 reported preliminary, unaudited financial results for its fourth quarter and full fiscal year, ended August 31, 2016, including fourth quarter net revenue of $4.4 billion and record fiscal year net revenue of $18.4 billion.
For the fourth quarter of fiscal year 2016, U.S. GAAP (as defined below) operating income was $93.8 million and U.S. GAAP net diluted earnings per share was $0.20. For fiscal year 2016, U.S. GAAP operating income was $522.8 million and U.S. GAAP net diluted earnings per share was $1.32.
For the fourth quarter of fiscal year 2016, core operating income (as defined below) was $108.3 million and core diluted earnings per share (as defined below) was $0.28. For fiscal year 2016, core operating income was $630.3 million and core diluted earnings per share was $1.86.
“Our fiscal 2016 was characterized by a blend of exceptional performance, significant variability, excellent cost control and wonderful customer care,” said CEO Mark Mondello. “I couldn’t be more pleased with our team in terms of effort and commitment, as they did a brilliant job of controlling what they could control during the year,” he added.
Shares of QUALCOMM, Inc. (NASDAQ:QCOM) ended Thursday session in red amid volatile trading. The shares closed down -0.05 points or -0.08% at $63.52 with 7.90 million shares getting traded. Post opening the session at $63.71, the shares hit an intraday low of $63.36 and an intraday high of $64.00 and the price vacillated in this range throughout the day. The company has a market cap of $94.90 billion and the numbers of outstanding shares have been calculated to be 1.47 billion shares.
QUALCOMM, Inc. (QCOM) on September 12, 2016 announced the opening of Qualcomm Communication Technologies (Shanghai) Co. Ltd., a semiconductor test facility in the Waigaoqiao (WGQ) free-trade zone in Shanghai, and its first foray into providing manufacturing services for semiconductors. By working with Amkor Technology, Inc., one of the world’s leading providers of contract semiconductor assembly and test services, the new company will combine Amkor’s extensive test services experience and state of the art cleanroom facilities with Qualcomm Technologies’ industry leadership in cutting-edge product engineering and development.
The new manufacturing facility demonstrates Qualcomm Technologies’ commitment to continue to invest and help develop semiconductor expertise in China, and is indicative of growth in semiconductor market leadership in the country. Through the ownership and operation of a semiconductor test center, Qualcomm Technologies will enhance its focus on customer service, continue to develop its expertise in operational excellence, and increase its business presence in China.
“The test facility is part of our continued mission to streamline supply chain operations and improve operational efficiency,” said Roawen Chen, senior vice president, QCT global operations, Qualcomm Technologies, Inc.
“Qualcomm Technologies continually strives to improve our manufacturing footprint in China and the formation of Qualcomm Communication Technologies in Shanghai is another example of this dedication,” said Frank Meng, chairman, Qualcomm China.