Electronics contract manufacturer Jabil Circuit (NYSE: JBL) reported late Tuesday (3/22) that net income jumped 86 percent in its second fiscal quarter of 2011 to $55.4 million, or 25 cents a share, compared to $29.8 million, or 14 cents a share, in the year-ago period. Revenue increased 31 percent to $3.9 billion, up from just over $3 billion last year.
Read the conference call with analysts here. The stock is up sharply today in response.
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Sources:
Jabil press release, 3/22/11
https://www.marketwatch.com/story/jabil-reports-solid-second-quarter-results-2011-03-22
Jabil Circuit’s CEO Discusses Q2 2011 Results – Earnings Call Transcript, Seeking Alpha, 3/22/11
https://seekingalpha.com/article/259631-jabil-circuit-s-ceo-discusses-q2-2011-results-earnings-call-transcript
