Jabil (JBL) shares jumped about 9% Wednesday after the manufacturer 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官方开奖结果体彩网:earnings per share (EPS) of $2.00, with revenue falling nearly 17% year-over-year to $6.99 billion. Both beat cons⛦ensus forecasts of analysts polled by Visible Alpha.

澳洲幸运5官方开奖结果体彩网:Chief Executive Officer (CEO) Mike Dastoor said the performance exceeded the company's expectations, "driven by incremental st🐟rength 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官方开奖结果体彩网:selling, ge💞neral and administrative (SG&A) and manufacturing cost base, as well as capacity realignment, in order to "align our support infrastruc꧟ture to further optimize organꦦizational 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.