(Reuters) - Contract electronics maker Jabil Circuit Inc (JBL.N) reported a smaller-than-expected core loss for the third quarter, helped in part by lower restructuring charges.
Analysts on average had expected a loss of 9 cents, according to Thomson Reuters I/B/E/S.
Net Income attributable to Jabil rose to $188.3 million, or 93 cents per share, in the third quarter ended May 31, from $50.1 million, or 24 cents per share.
Revenue fell 9.5 percent to $3.8 billion, but beat expectations of $3.60 billion.
The company recorded no impairment of notes receivable, compared with $25.6 million it incurred last year.
Jabil’s shares rose 1.5 percent after the bell. The stock closed at $20.10 on the New York Stock Exchange on Wednesday.
Reporting By Subrat Patnaik in Bangalore; Editing by Maju Samuel