Investing.com - Jabil Circuit (NYSE:JBL) 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 , still down 25.70% from its 52 week high of $44.20 set on December 17, 2019. They are under-performing the EUR/USD which is down 0% year to date.
Jabil Circuit shares gained 0.15% in intra-day trade following 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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