Shares of Jabil Inc. were up nearly 9% in premarket trading Wednesday after the electronic-manufacturing company topped expectations with its latest results and outlook. The company recorded fiscal second-quarter net income of $222 million, or $1.51 a share, up from $152 million, or 99 cents a share, in the year-prior quarter. Jabil saw adjusted core earnings per share of $1.68, up from $1.27 a year prior and ahead of the FactSet consensus, which was for $1.47. Revenue rose to $7.55 billion from $6.83 billion, while analysts had been expecting $7.43 billion. For the current quarter, Jabil expects net revenue of $7.9 billion to $8.5 billion and adjusted core earnings per share of $1.40 to $1.80. The FactSet consensus was for $7.71 billion in revenue and $1.46 in adjusted earnings per share. “Our strong financial outlook is supported by both strong secular tailwinds and momentum in many of the end-markets we serve,” Chief Executive Mark Mondello said in a release.
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