Late on Tuesday, Jabil Circuit Inc. (NYSE: JBL) announced a wider fiscal second-quarter loss of $42.1 million, or 20 cents a share, compared with a loss of $24 million, or 12 cents a share, in the prior year quarter. On an adjusted basis, the company reported earnings of $27.3 million, or 13 cents a share for the latest quarter. Revenue slipped 5.6% to $2.9 billion from $3.06 billion. Analysts on an average expected the company to earn 13 cents a share on revenue of $2.8 billion. President and CEO Timothy L. Main said in a statement "In a challenging environment we produced cash flow from operations of $343 million for the quarter, resulting in free cash flow that exceeded our expectation." He added "Liquidity and balance sheet strength are key advantages in this market environment." Looking ahead to the fiscal third quarter, the company expects to report loss in the range of 7 cents and 23 cents a share and revenue in the range of $2.5 billion to $2.7 billion. Shares of Jabil Circuit plunged over 13% in extended trading.

Proliance International Inc. (AMEX: PLI) swung to a fourth-quarter net income of $0.2 million or 1 cent a share, compared to a loss of $4.4 million, or 28 cents a share, in the year earlier quarter. Revenue decreased to $76.0 million from $84.3 million. For the full year, the company reported a narrower loss of $4.1 million or 27 cents a share, compared to a loss of $16.8 million, or $1.18 a share, in 2007. Revenue slipped to $350.1 million from $394.0 million. President and CEO Charles E. Johnson stated "As in previous quarters, profitability continued to improve due to our domestic cost reduction initiatives, including our product cost improvements, overhead reductions and branch strategy." He added "Our international business also had a very strong year in 2008.

Robbins & Myers Inc.'s (NYSE: RBN) reported that fiscal second-quarter net income declined 7.8% to $15.1 million, or 46 cents a share, from $16.3 million, or 47 cents a share, in the corresponding quarter last year. That compares to the company's January forecast per-share earnings of 40 cents to 50 cents. Revenue fell 11% to $163.8 million. Analysts on average had forecast revenue of $174 million. For the fiscal year, the company again cut its earnings forecast to a range of $1.35 to $1.65 a share from its already lowered January view of $1.80 to $2. Analysts most recently projected $1.74. Looking ahead to the fiscal third quarter Robbins & Myers said that it expects earnings in the range of 20 cents to 30 cents. President and Chief Executive Peter C. Wallace on Tuesday said "employment reductions were initiated and will continue into the third quarter." Shares of the company were up 1.59% in late trading.

Solar Power Inc. (OTC BB: SOPW.OB) said its fourth-quarter net loss widened to $3.1 million, from $2.7 million last year. Revenue increased 153% to $11.9 million from $4.7 million prior year. For full fiscal year 2008, the company reported a wider net loss of $8.7 million, or 23 cents a share, from $7.2 million, or 22 cents a share, in previous year. Revenue surged 161% to $47.4 million from $18.1 million last year. Looking ahead to the first quarter, the company expects revenue to be down from that of fourth-quarter. The company expects to report fiscal 2009 revenue to be in the range of $75.8 million-$80.5 million. CEO Steve Kircher said in a statement "Despite the uncertainties of the US solar market in 2008, we were able to more than double our business from 2007."  

Disclosure: Author does not own any of the stocks discussed here.