ST. PETERSBURG, FL – Jabil reported fiscal third quarter 2017 net revenue of $4.5 billion, up 4.1% year-over-year. The electronics manufacturer posted a net loss for the quarter of $25.7 million, compared to net income of $5.8 million the same quarter of 2016.

GAAP operating income was $43.4 million, a decrease of 27.2% year-over-year.

“I’m pleased with our third quarter results, as both business segments performed quite well,” said CEO Mark Mondello. “In Diversified Manufacturing Services, the team delivered exceptional execution and cost controls against product road maps exhibiting massive scale and complexity, while we continued to see strong double-digit growth in healthcare and packaging. At the same time, our Electronics Manufacturing Services team continues to do an excellent job building broad revenue diversification, while developing end-market domain expertise, resulting in solid margin expansion.”

For the nine months ended May 31, net revenue was $14 million, up 0.85% compared to the same period last year. Net income was $81.1 million, compared to net income of $216.2 million last year.

Jabil expects fiscal fourth quarter net revenue of $4.7 billion to $5.1 billion and GAAP operating income of $95 million to $165 million.

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