The US Stock Market is Making Moves | Jabil Technology (JBL.US) Surges More Than 7% Before Market Open with First Quarter Performance Beating Expectations and Raising Full-Year Guidance.

According to the WiseFinancial APP, on Wednesday, Jabil Technology (JBL.US) rose more than 7% before the market opened, reaching $228.0 as of the time of publication. In terms of news, Jabil Technology's net revenue for the first fiscal quarter was $8.31 billion, compared to $6.99 billion a year ago, analysts surveyed by FactSet had predicted $80.3 billion. Core earnings per share were $2.85, up from $2.00 a year ago, and analysts surveyed by FactSet had predicted $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 sales are expected to be between $7.5 billion and $8.0 billion, higher than the expected $7.515 billion.