US Stock Market Move | Jabil Inc.(JBL.US) pre-market trading up more than 7% as first quarter performance exceeds expectations and full year guidance is raised.

On Wednesday, Jabil Inc. (JBL.US) rose more than 7% in pre-market trading, reaching $228.0 as of press time. In terms of news, Jabil Inc. reported a net revenue of $8.31 billion for the first quarter, up from $6.99 billion a year ago, exceeding analysts' expectations of $8.03 billion according to FactSet. The core earnings per share were $2.85, higher than the $2.00 reported a year ago and above analysts' expectations of $2.70. The company expects adjusted earnings per share for the second quarter to be between $2.27 and $2.67, higher than the expected $2.39, and anticipates sales to be between $7.5 billion and $8 billion, surpassing the expected $7.515 billion. Jabil Inc. has raised its adjusted earnings per share guidance for the 2026 fiscal year from $11.00 to $11.55, above the market expectations of $11.11; and has increased its sales guidance from $31.3 billion to $32.4 billion, surpassing the market expectations of $31.523 billion.