By Nate Wolf
Jabil stock was rising Tuesday after the supplier of electronic parts handily beat earnings expectations and lifted its fiscal-year forecast.
The company reported adjusted core earnings of $2.55 a share for its third fiscal quarter, surpassing Wall Street's call for $2.31. Net revenue of $7.8 billion came in well above analysts' consensus estimate of $7.1 billion.
Jabil shares gained 4.8% in premarket trading.
The company issued updated fiscal-year guidance in light of the strong report. Adjusted core earnings are now expected to total $9.33 a share on $29 billion in revenue, up from previous forecasts of $8.95 and $27.9 billion, respectively.
"We delivered a strong third quarter, outperforming expectations across key end-markets such as cloud, data center infrastructure, and capital equipment," said CEO Mike Dastoor. "Our intelligent infrastructure segment remains a critical growth engine, beneting from accelerating AI-driven demand."
Write to Nate Wolf at nate.wolf@barrons.com
This content was created by Barron's, which is operated by Dow Jones & Co. Barron's is published independently from Dow Jones Newswires and The Wall Street Journal.
(END) Dow Jones Newswires
June 17, 2025 08:10 ET (12:10 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.