During Friday’s Morning trade, Shares of Jabil Circuit, Inc. (NYSE:JBL), gained 0.63% to $23.79.
Jabil Circuit, Inc. (JBL) stated preliminary, unaudited financial results for its first quarter of fiscal year 2016. The company stated first quarter net revenue of $5.2 billion, a 14 percent improvement from the first quarter of fiscal year 2015.
“I am extremely happy with our strong first quarter results which were driven by improved product diversification and exceptional productivity across both of our business segments,” said Mark T. Mondello, Chief Executive Officer. “This record quarter illustrates the power of both our DMS and EMS businesses as highlighted by a 55 percent core EPS growth year-on-year. This is a great start to our fiscal year and Jabil remains well-positioned for a solid 2016,” added Mondello.
U.S. generally accepted accounting principles (U.S. GAAP) operating income for the first quarter was $214.5 million and U.S. GAAP net diluted earnings per share was $0.68. Core operating income (as defined below) was $248.5 million and core diluted earnings per share (as defined below) was $0.85.
Jabil Circuit, Inc., together with its auxiliaries, provides electronic manufacturing services and solutions worldwide. The company operates in two segments, Electronics Manufacturing Services and Diversified Manufacturing Services.
Shares of Activision Blizzard, Inc. (NASDAQ:ATVI), inclined 0.03% to $38.88, during its current trading session.
Activision Blizzard, declared a new in-game program to support the Call of Duty Endowment’s nationwide efforts to assist unemployed veterans find high-quality careers. The C.O.D.E. Warriors Personalization Pack for Activision’s Call of Duty®: Black Ops III (PS4/XboxOne/PC), developed by Treyarch, comprises 3x reticles, a calling card and custom weapon camo. The pack is $3.99 in the in-game store and the Sony and Microsoft online stores. All profits will go directly to the Call of Duty Endowment’s effort to assist veterans secure quality careers when they leave military service.
The Call of Duty Endowment is a non-profit, public benefit corporation founded in 2009 by Activision Blizzard CEO Bobby Kotick. With a mission to identify and fund the best and most effective employment-focused veteran-serving organizations, the Call of Duty Endowment is well on its way to meeting its aim of placing 25,000 veterans in jobs by the end of 2018. To-date, the Call of Duty Endowment has funded more than 17,500 job placements.
“This is a great way to honor and assist our heroes as they return to civilian life,” said Rob Kostich, Senior Vice President and General Manager of the Call of Duty franchise. “The personalization pack lets the Call of Duty community assist veterans, while playing a game they love. We’re grateful to our players and our platform partners for assisting veterans secure high-quality careers.”
Activision Blizzard, Inc. develops and publishes online, personal computer (PC), video game console, handheld, mobile, and tablet games worldwide. The company develops and publishes interactive entertainment software products through retail channels or digital downloads; and downloadable content to a range of gamers.
Finally, Archer Daniels Midland Company (NYSE:ADM), gained 1.55%, and is now trading at $34.81.
Archer Daniels Midland Company (ADM) declared that it has reached a contract to purchase a 50 percent stake in Cairo-based Medsofts Group. The new 50-50 joint venture will own and manage merchandising and supply chain operations, counting:
- An international merchandising operation that handles more than 1.5 million metric tons of grains, oilseeds and soft commodities annually destined for the Middle East and North Africa;
- A local grain distribution operation, serving customers in Egypt; and
- An inland logistics network that links port operations to customers throughout Egypt.
In addition, the joint venture will own a 50 percent share of Nile Stevedoring & Storage Co. (NSSC), which operates one of the largest grain port facilities in Egypt. Located at the Port of Alexandria, the facility has an annual discharge capacity of more than 2 million metric tons, and comprises additional land for future expansion; the joint venture parties are conducting advanced due diligence on a potential oilseed crush facility on that land.
Archer-Daniels-Midland Company procures, transports, stores, processes, and merchandises agricultural commodities and products. The company’s Oilseeds Processing segment originates, merchandises, crushes, and processes soybeans and soft seeds into vegetable oils and protein meals.
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