ST. PETERSBURG, FL – Jabil Circuit Inc. today reported fiscal third-quarter 2009 net revenue of $2.6 billion, down 16.1% year-over-year.

Net loss for the quarter was $28.8 million compared to net income of $38.4 million for the same quarter last year.

Operating income was a loss of $7.8 million compared to income of $63.1 million for the same period of 2008.

“Although the global economy remains in a recession, we see genuine stabilization across most of our end-markets,” said president and CEO Timothy L. Main.

Through the nine months ended May 31, the company produced cash flow from operations of $387 million and reduced total debt and securitization balances by $278 million.

Jabil expects net revenue for its fourth fiscal quarter of 2009 to be consistent with its third quarter, in a range from $2.5 billion to $2.7 billion. The company estimated its core operating income would be in a range from $25 million to $50 million.

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