Jabil Inc. (NYSE:JBL) shares leaped as the company unearthed record quarterly results.
The company, out of St. Petersburg, Florida, told investors Tuesday net revenue came in at $7.5 billion. U.S. GAAP operating income was $152.8 million, and 26 cents on a per-share basis.
Core operating income (Non-GAAP) was $277.3 million, or $1.05 on a per-share basis.
For the second-quarter, Jabil projects net revenue in the $6-billion, to $6.7-billion range. GAAP operating income of $70 million to $189 million, or nine cents to 40 cents on a per share basis.
The St. Petersburg, Fla.-based company earned an adjusted $1.05 a share on sales of $7.5 billion in the quarter ended Nov. 30. Analysts expected Jabil earnings of 94 cents a share on sales of $6.96 billion, according to Zacks Investment Research. In the year-earlier period, Jabil earned 90 cents a share on sales of $6.51 billion.
For the current quarter, Jabil expects to earn an adjusted 72 cents a share on sales of $6.35 billion. That’s based on the midpoint of its guidance. Wall Street was modeling Jabil earnings of 69 cents a share on sales of $6.177 billion in the fiscal second quarter, Zacks said. In the same quarter last year, Jabil earned 64 cents a share on sales of $6.067 billion.
Jabil is a manufacturing solutions provider that delivers comprehensive design, manufacturing, supply chain and product management services.
Jabil advanced $1.96, or 4.8%, to $42.61