JBL - Jabil gains 7% after FQ1 beats with record revenue upside full-year outlook

Jabil (JBL) shares are up 7.2% pre-market after the company reported fiscal Q1 beats with revenue up 4% Y/Y to $7.83B ($780M above consensus) and non-GAAP EPS of $1.60, which topped consensus by $0.34. The quarter marked quarterly records for revenue, core operating income, and core EPS.Diversified Manufacturing Services revenue was up 13% Y/Y in the quarter and Electronics Manufacturing Services decreased 4%.Core operating income totaled $364.9M.Jabil's Q2 outlook includes $6.2-6.8B in net revenue (consensus: $6.24B), $210-260M in total revenue, and $0.83-1.03 EPS (consensus: $0.88).For FY21, Jabil expects revenue of around $27.5B (consensus: $26.58B) with core margin of 4.1% and core EPS of $4.60 (consensus: $4.03).Press release.Previously: Jabil EPS beats by $0.34, beats on revenue (Dec. 17 2020)

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Jabil gains 7% after FQ1 beats with record revenue, upside full-year outlook