Jabil Circuit profit more than triples

Wed Jun 18, 2014 4:29pm EDT
 
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June 18 (Reuters) - Contract electronics maker Jabil Circuit Inc reported a quarterly profit that more than tripled, helped in part by lower restructuring charges that nearly halved from a year earlier.

Net Income attributable to the company 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 to $3.8 billion from $4.2 billion. (Reporting By Subrat Patnaik)