Investing.com - Jabil Circuit reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Jabil Circuit announced earnings per share of $1.6 on revenue of $7.83B. Analysts polled by Investing.com anticipated EPS of $1.27 on revenue of $7.03B.
Jabil Circuit shares are up 6.65% from the beginning of the year and are trading at $44.08 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Jabil Circuit shares gained 7.36% in intra-day trade the report.
Jabil Circuit follows other major Technology sector earnings this month
Jabil Circuit's report follows an earnings beat by NVIDIA on November 18, who reported EPS of $2.91 on revenue of $4.73B, compared to forecasts EPS of $2.58 on revenue of $4.42B.
Adobe had beat expectations on December 10 with fourth quarter EPS of $2.81 on revenue of $3.42B, compared to forecast for EPS of $2.66 on revenue of $3.36B.
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