Investing.com - Jabil Circuit reported on Friday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Jabil Circuit announced earnings per share of $0.37 on revenue of $6.34B. Analysts polled by Investing.com anticipated EPS of $0.34 on revenue of $5.61B.
Jabil Circuit shares are down 20.54% from the beginning of the year and are trading at $32.84 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Jabil Circuit shares gained 0.15% 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 May 21, who reported EPS of $1.8 on revenue of $3.08B, compared to forecasts EPS of $1.65 on revenue of $2.97B.
Adobe had beat expectations on June 11 with second quarter EPS of $2.45 on revenue of $3.13B, compared to forecast for EPS of $2.32 on revenue of $3.16B.
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