ST. PETERSBURG, FL – Contract electronics firm Jabil Circuit reported fiscal second-quarter earnings up 76%, according to reports. Profit was $97.7 million.
Net revenue was $4.24 billion, up 7.8% year-over-year, slightly more than last November’s guidance.
The increases are attributed to diversified manufacturing services and one-time charges during the same period last year.
Revenue from the diversified manufacturing segment was up 33%. Growth was experienced across all major business segments, the firm says.
The company forecasts third-quarter revenue of $4.2 billion to $4.4 billion.