ST. PETERSBURG — Jabil Circuit Inc. beat Wall Street expectations for both profits and revenue Thursday.
The St. Petersburg-based contract electronics manufacturer — one of Tampa Bay’s biggest public companies — posted fiscal first-quarter earnings of $63.8 million, or 80 cents per share after adjustments for one-time gains and costs. That topped an average analysts’ estimate by Zacks Investment Research for 78 cents per share.
Its quarterly revenue of $5.59 billion also beat expectations of $5.5 billion.
Jabil’s shares have risen about 16 percent since the beginning of the year.
The company released its results following the close of market Thursday. Its shares rose nearly 5 percent in early, after-market trading.