UPDATE 1-Jabil sees strong 2015 as it recovers from BlackBerry loss

Wed Mar 19, 2014 6:16pm EDT
 
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* Forecasts 2015 core earnings $1.65-$1.95/shr vs est $1.63

* Second-quarter loss $0.19/shr vs est earnings of $0.11/shr

* Revenue $3.58 bln vs est $3.61 bln

* Shares up 3 pct after market (Adds details from conference calls, background, forecast, analyst estimates and share move)

March 19 (Reuters) - Jabil Circuit Inc forecast 2015 core earnings above Wall Street estimates as the struggling contract electronics maker expects to recover from the loss of its business with BlackBerry Ltd .

Jabil, a maker of integrated circuits for mobile phones, gaming consoles and for other electronic appliances such as printers, set-top boxes and circuit boards, forecast core earnings of $1.65 to $1.95 per share for fiscal 2015 ending Aug. 31.

Analysts were expecting the company, whose top customers include Apple Inc, Cisco Systems Inc and General Electric Co, to earn $1.63 per share, according to Thomson Reuters I/B/E/S.

Jabil has been struggling in the last few quarters due to its disengagement with BlackBerry and lower demand in the diversified manufacturing services (DMS) business, the company's biggest.

BlackBerry accounted for 12 percent of Jabil's net revenue in fiscal 2013.   Continued...