Investing.com - Jabil Circuit (NYSE:JBL) reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Jabil Circuit announced earnings per share of $1.68 on revenue of $7.55B. Analysts polled by Investing.com anticipated EPS of $1.48 on revenue of $7.45B.
Jabil Circuit shares are down 20.67% from the beginning of the year and are trading at $58.10 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% from the start of the year.
Jabil Circuit shares gained 4.10% in pre-market trade the report.
Jabil Circuit follows other major Information Technology sector earnings this month
Jabil Circuit's report follows an earnings beat by NVIDIA on Wednesday, February 16, 2022, who reported EPS of $1.32 on revenue of $7.64B, compared to forecasts EPS of $1.23 on revenue of $7.42B.
Broadcom had beat expectations on Thursday, March 3, 2022 with first quarter EPS of $8.39 on revenue of $7.71B, compared to forecast for EPS of $8.13 on revenue of $7.61B.
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