Jabil Inc. (NYSE: JBL) noticed its shares gain sharply early Tuesday, after the company reported preliminary unaudited financial results for its second quarter of fiscal year 2021.
“Our second quarter performance was outstanding,” said CEO Mark Mondello. “The combination of broad end-market strength, more favorable product mix, and excellent operational execution by the team allowed us to deliver $285 million in core operating income on revenue of $6.8 billion,” he added.
Second-quarter net revenue came in at $6.8 billion, U.S. GAAP operating income registered at $236.4 million, with U.S. GAAP diluted earnings per shares at $0.99.
Third-quarter outlook features net revenue of $6.6 billion to $7.2 billion, while the outlook for operating income falls between $188 million and $238 million, U.S. GAAP diluted earnings per shares is pegged between 69 and 89 cents.
Mondello concludes, “I’m extremely confident in our plan moving forward, which is supported by both strong secular tailwinds and accelerated momentum in many of the end-markets we serve. As a result, we are raising our financial outlook for the balance of the year. We now expect FY21 to deliver revenue in the range of $28.5 billion and core EPS of approximately $5.”
JBL shares gathered $2.44, or 5%, to $51.28.