Jabil (JBL) shares jumped about 9% Wednesday after the manufac🍷turer of circuit boards posted better-than-expected results and boosted its guidance after announcing a restructuring plan earlier this year.

The firm that counts Apple (AAPL) as a customer reported fiscal 2025 first-quarter adjusted 澳洲幸运5开奖号码历史查询:earnings per share (EPS) of $2.00, with revenue falling nearly 17% year-over-year to $6.99 billion. Bothꦺ beat consensus forecasts of analysts⭕ polled by Visible Alpha.

澳洲幸运5开奖号码历史查询:Chief Executive Officer (CEO) Mike Dastoor said the performa💖nce exceeded the company's expectations, "driven by incremental strength♎ in our Cloud, Data Center Infrastructure, and Digital Commerce end-markets."

Jabil Announced Restructuring in September

In September, Jabil said it would be instituting layoffs across its 澳洲幸运5开奖号码历史查询:sellin♑g, general and administrative (SG&A) and manufacturing cost base, as well as capacity realignment🎀, in order to "align our support infrastructure to further optimize organizational effectiveness."  

The company now sees full-year adjusted EPS of $8.75, up from its earlier outlook of $8.65. It anticipates revenue of $27.3 billion, versus its previous estimate of $27.0 billion.

Shares of Jabil are about 14% higher so far in 2024.