Investing.com - Jabil Circuit (NYSE:JBL) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Jabil Circuit announced earnings per share of $0.98 on revenue of $7.3B. Analysts polled by Investing.com anticipated EPS of $0.66 on revenue of $6.29B.
Jabil Circuit shares are down 24.45% from the beginning of the year and are trading at $34.99 , down-from-52-week-high.They are under-performing the S&P 500 which is up 0.98% from the start of the year.
Jabil Circuit shares gained 8.29% in intra-day trade after the report.
Jabil Circuit follows other major Technology sector earnings this month
Jabil Circuit's report follows an earnings beat by Adobe on Tuesday, September 15, 2020, who reported EPS of $2.57 on revenue of $3.23B, compared to forecasts EPS of $2.41 on revenue of $3.16B.
Oracle had beat expectations on Thursday, September 10, 2020 with first quarter EPS of $0.93 on revenue of $9.37B, compared to forecast for EPS of $0.86 on revenue of $9.17B.
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