Want to join the conversation?
Electronics manufacturer $JBL reported a drop in 4Q16 earnings due to lower revenues as well as a rise in amortization of intangibles and restructuring charges. Net income fell to $38.07MM or $0.20 per share from $87.7MM or $0.45 per share last year. Revenue dropped to $4.43Bil from $4.68Bil. Core EPS tumbled to $0.28 from $0.53.
No better outlook on $MSFT. Even if the results beat a bit, the stock may move 4 to 6% higher, but won't go above $60.