SAN FRANCISCO (MarketWatch) — Shares of Jabil Circuit Inc. dropped after the company's earnings and outlook fell short of Wall Street expectations.
Jabil (JBL) shares fell more than 10% to $17.70 after the electronic contract manufacturer's adjusted quarterly earnings came in at 51 cents a share, compared with the 54 cents a share estimated by analysts surveyed by FactSet. The company's outlook also fell well below expectations.
VeriFone Systems Inc. (PAY) shares fell 4.8% to $23.80 in heavy volume after the card-payment machine company's forecast profit for the fiscal first quarter dropped short of the analyst consensus.
KKR & Co. shares fell 4% to $23.81 after a report that the private-equity firm was close to raising $1.5 billion for a fund to invest in real estate.
Shares of KKR closed down 1.2% after the firm said it was buying KKR Financial in an all-stock deal.
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