ST PETERSBURG, Fla. (AP) — ST PETERSBURG, Fla. (AP) — Jabil Inc. (JBL) on Wednesday reported fiscal first-quarter earnings of $100 million.
The St Petersburg, Florida-based company said it had profit of 88 cents per share. Earnings, adjusted for one-time gains and costs, were $2 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.87 per share.
The electronics manufacturer posted revenue of $6.99 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $6.6 billion.
For the current quarter ending in February, Jabil expects its per-share earnings to range from $1.60 to $2.
The company said it expects revenue in the range of $6.1 billion to $6.7 billion for the fiscal second quarter.
Jabil expects full-year earnings to be $8.75 per share, with revenue expected to be $27.3 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
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