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Jabil Circuit Inc. shares fell in the extended session Wednesday after the electronics company’s quarterly results and outlook missed Wall Street targets. Jabil shares fell 8% to $20.20 after hours. For the fiscal third quarter, Jabil forecast adjusted earnings of 12 cents to 18 cents a share on revenue of $4.1 billion to $4.3 billion. Analysts surveyed by FactSet had estimated earnings of 51 cents a share on revenue of $4.75 billion. The company reported adjusted fiscal second-quarter earnings of 57 cents a share on revenue of $4.4 billion. Analysts had forecast earnings of 60 cents a share on revenue of $4.5 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Jabil Circuit Inc. shares fell in the extended session Wednesday after the electronics company’s quarterly results and outlook missed Wall Street targets. Jabil shares fell 8% to $20.20 after hours. For the fiscal third quarter, Jabil forecast adjusted earnings of 12 cents to 18 cents a share on revenue of $4.1 billion to $4.3 billion. Analysts surveyed by FactSet had estimated earnings of 51 cents a share on revenue of $4.75 billion. The company reported adjusted fiscal second-quarter earnings of 57 cents a share on revenue of $4.4 billion. Analysts had forecast earnings of 60 cents a share on revenue of $4.5 billion.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

Oil futures rose sharply Wednesday, extending gains ahead of the close as the dollar fell in the wake of a dovish Federal Reserve statement. West Texas Intermediate oil for April delivery rose $2.12, or 5.8%, to end at $38.46 a barrel. The dollar fell versus major rivals after the Fed cut its forecast for interest-rate hikes this year to two from four. A weaker dollar can boost commodities priced in the currency by making it cheaper to users of other currencies.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The dollar plunged against both its major and emerging-market rivals Wednesday after the Federal Reserve cut its expectations for the number of interest-rate hikes expected in 2016. The euro jumped to $1.1172 after the Fed’s updated monetary policy statement and forecasts were released, compared with $1.1089 shortly before. The dollar slipped to 113.07 yen, compared with 113.65 yen shortly before. The pound strengthened to $1.4225, from $1.4115 before. In the emerging-market space, the dollar slipped to 17.75 Mexican pesos after the announcement, from 17.92 pesos before. The dollar slipped against the Russian ruble , falling to 70.0 rubles from 70.6 rubles shortly before.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

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From:: Stock Market News

The dollar plunged against both its major and emerging-market rivals Wednesday after the Federal Reserve cut its expectations for the number of interest-rate hikes expected in 2016. The euro jumped to $1.1172 after the Fed’s updated monetary policy statement and forecasts were released, compared with $1.1089 shortly before. The dollar slipped to 113.07 yen, compared with 113.65 yen shortly before. The pound strengthened to $1.4225, from $1.4115 before. In the emerging-market space, the dollar slipped to 17.75 Mexican pesos after the announcement, from 17.92 pesos before. The dollar slipped against the Russian ruble , falling to 70.0 rubles from 70.6 rubles shortly before.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

…read more

From:: Stock Market News