Investing.com -- Jabil Circuit Inc (NYSE:JBL) hiked its net revenue guidance for the full year and reported second-quarter results ahead of analyst estimates, sending its shares nearly 7% higher in premarket trading Thursday.
The electronics components maker reported earnings per share (EPS) of $1.94, exceeding consensus estimates of $1.83.
Revenue for the period totaled $6.73 billion, also above the $6.41 billion projected by analysts.
Jabil reported a core operating profit of $334 million, while analysts expected $315.3 million.
“In Q2, we exceeded our expectations due to continued strength in our capital equipment, cloud and data center infrastructure, and digital commerce end-markets,” said Jabil CEO Mike Dastoor.
“In my opinion, Jabil is among the best-positioned companies in the world to help customers navigate these complexities,” he added.
For the third quarter of fiscal 2025, Jabil expects EPS between $2.08 and $2.48, compared to the consensus estimate of $2.22.
Revenue is anticipated to be in the range of $6.7 billion to $7.3 billion, while analysts had forecasted $6.74 billion.
The company anticipates a core operating profit of $348 million to $408 million, exceeding the consensus estimate of $365.7 million.
For the full year, Jabil forecasts EPS of $8.95, compared to the average analyst estimate of $8.74.
The company now sees full-year revenue of $27.9 billion, up from its previous projection of $27.3 billion and above the consensus estimate of $27.31 billion.
The core operating margin is still expected to be 5.4%, in line with the 5.39% consensus forecast.
This content was originally published on Investing.com
