March 20 (Reuters) - Electronic component maker Jabil ( JBL )
on Thursday raised its 2025 profit and revenue forecast,
after beating Wall Street estimates for second-quarter results,
helped by strong demand for data center infrastructure.
Shares of the company rose 6.5% in premarket trading
following the results.
The rush to develop and adopt artificial intelligence
has strengthened the global appetite for data centers, in turn
benefiting companies such as Jabil ( JBL ).
The rise in demand for AI has also spurred sales of the
company's semiconductor fabrication and test equipment.
On an adjusted basis, Jabil ( JBL ) posted second-quarter earnings
of $1.94 per share, above analysts' average estimate of $1.83
per share, according to data compiled by LSEG.
It now expects a full-year adjusted profit of $8.95 per
share, compared with $8.75 per share expected previously. It
raised the full-year revenue forecast to $27.9 billion from
$27.3 billion.
The St. Petersburg, Florida-based company reported quarterly
revenue of $6.73 billion for the quarter ended February 28,
compared to estimates of $6.41 billion.