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Friday, Oct 19, 2018
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Jabil’s fiscal results top Wall Street expectations

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.

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