Jabil Stock Soars on Circuit Board Maker's Q1 Results, Raised Outlook

Key TakeawaysJabil exceeded profit and sales estimates in the first quarter since announcing a restructuring.The company credits the results on increased end-markets demand for its cloud, data center infrastructure, and digital commerce products. Jabil raised its full-year earnings and revenue guidance. Jabil (JBL) shares jumped about 9% Wednesday after the manufacturer of circuit boards posted better-than-expected results and boosted its guidance after announcing a restructuring plan earlier this year. Th ...