Shares of Jabil Circuit Inc. were volatile in Wednesday’s extended session after the Apple supplier released a weak outlook for the fourth quarter. Jabil reported its third-quarter earnings shrank to $5.8 million, or 3 cents a share, from $72.4 million, or 37 cents a share, a year earlier. The tech products maker earned 17 cents a share, excluding charges. Revenue slipped to $4.3 billion from $4.36 billion. Analysts surveyed by FactSet had forecast earnings of 16 cents a share on revenue of $4.18 billion. In the fourth quarter, Jabil expects adjusted EPS of 15 cents to 35 cents and revenue of $4.15 billion to $4.35 billion. That is significantly below Wall Street’s EPS forecast of 53 cents and $4.66 billion revenue. Separately, the company also said it will buy back up to $400 million in shares. Jabil shares were most recently down 0.1%.
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