Jabil Circuit shares rally after earnings beat

Jabil Circuit Inc. shares rallied in the extended session Thursday as the electronics supply chain company topped Wall Street estimates for the quarter. Jabil shares surged 11% to $23.90 after hours. The company reported adjusted earnings of 69 cents a share on revenue of $5.1 billion for the fiscal first quarter. Analysts surveyed by FactSet had estimated 64 cents a share on revenue of $4.91 billion. For the second quarter, Jabil sees adjusted earnings of 35 cents to 57 cents a share on revenue of $4.2 billion to $4.5 billion. Analysts expect earnings of 46 cents a share on revenue of $4.36 billion.

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