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Jabil stock rises 10% after earnings beat

Jabil Inc. JBL, +11.44% shares surged 10% in the extended session Tuesday after the tech company beat earnings and revenue expectations. The company reported fiscal first-quarter net income of $123.6 billion, or 76 cents a share, compared with $63.8 million, or 35 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, earnings were 90 cents a share. Revenue rose to $6.51 billion from $5.59 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 88 cents a share on revenue of $6.1 billion.

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https://www.marketwatch.com/story/jabil-...2018-12-18

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