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ST PETERSBURG, Fla. (AP) — ST PETERSBURG, Fla. (AP) — Jabil Inc. (JBL) on Friday reported fiscal second-quarter profit of $927 million.
The St Petersburg, Florida-based company said it had profit of $7.31 per share. Earnings, adjusted for one-time gains and costs, were $1.68 per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.65 per share.
The electronics manufacturer posted revenue of $6.77 billion in the period, which did not meet Street forecasts. Three analysts surveyed by Zacks expected $6.91 billion.
For the current quarter ending in May, Jabil expects its per-share earnings to range from $1.65 to $2.05.
The company said it expects revenue in the range of $6.2 billion to $6.8 billion for the fiscal third quarter.
Jabil expects full-year earnings to be $8.40 per share, with revenue expected to be $28.5 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