Jabil: Fiscal 2Q Earnings Snapshot

Associated Press |

ST PETERSBURG, Fla. (AP) _ Jabil Inc. (JBL) on Thursday reported fiscal second-quarter profit of $67.4 million.

On a per-share basis, the St Petersburg, Florida-based company said it had profit of 43 cents. Earnings, adjusted for non-recurring costs and stock option expense, came to 64 cents per share.

The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 61 cents per share.

The electronics manufacturer posted revenue of $6.07 billion in the period.

For the current quarter ending in June, Jabil expects its per-share earnings to range from 47 cents to 67 cents.

The company said it expects revenue in the range of $5.7 billion to $6.3 billion for the fiscal third quarter. Analysts surveyed by Zacks had expected revenue of $6 billion.

Jabil shares have increased 11 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 12 percent. In the final minutes of trading on Thursday, shares hit $27.41, a decline of nearly 3 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JBL at https://www.zacks.com/ap/JBL

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