ST PETERSBURG, Fla. (AP) — ST PETERSBURG, Fla. (AP) — Jabil Inc. (JBL) on Thursday reported fiscal first-quarter earnings of $194 million.
The St Petersburg, Florida-based company said it had net income of $1.47 per share. Earnings, adjusted for one-time gains and costs, came to $2.60 per share.
The results exceeded Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.54 per share.
The electronics manufacturer posted revenue of $8.39 billion in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $8.35 billion.
For the current quarter ending in February, Jabil expects its per-share earnings to range from $1.73 to $2.13.
The company said it expects revenue in the range of $7 billion to $7.6 billion for the fiscal second quarter.
Jabil expects full-year earnings to be $9 per share, with revenue expected to be $31 billion.
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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