Dec 18 - Electronic components maker Jabil ( JBL ) beat
first-quarter profit and revenue estimates on Wednesday, driven
by increased demand for data center infrastructure.
Shares of the company were up 10% in premarket trading.
Jabil ( JBL ), a key supplier to Apple ( AAPL ), makes electronic
components, including circuit board assemblies and systems for
automotive, cloud services, commercial drones, trucks and buses.
The company has benefited from the surge in artificial
intelligence technologies and the increased demand for AI
infrastructure.
The St. Petersburg, Florida-based company reported revenue
of $7 billion for the first quarter ended Nov 30, beating
analysts' average estimate of $6.6 billion, according to data
compiled by LSEG.
On an adjusted basis, it earned $2 per share for the
reported quarter, above analysts' estimates of a profit of $1.88
per share.