Jabil Circuit (JBL) surged 5.29% in pre-market trading on Wednesday after the company reported better-than-expected first-quarter earnings and revenue, along with optimistic guidance for fiscal 2026.
The electronics manufacturing services provider posted Q1 adjusted earnings per share of $2.85, beating the consensus estimate of $2.70. Revenue for the quarter came in at $8.3 billion, surpassing expectations of $8.086 billion. The company also reported strong operating income of $283 million and adjusted operating income of $454 million.
Jabil provided robust guidance for fiscal 2026, forecasting core EPS of $11.55, above the FactSet estimate of $11.07, and revenue of $32.4 billion, compared to the expected $31.42 billion. The upbeat results and outlook have fueled investor optimism, driving the stock higher in pre-market trading.
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