Watch stocks you care about
The single, easiest way to keep track of all the stocks that matter...
Your own personalized stock watchlist!
It's a 100% FREE Motley Fool service...
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of Jabil Circuit (NYSE: JBL ) surged more than 11% on early trading today and remain up close to 9% on triple the average daily volume as the electronics parts maker reported better-than-expected fourth-quarter results.
So what: Management said the company expanded market share and added customers as revenue rose 10% to $4.28 billion. Core profits rose 19% to $0.62 a share. Analysts were expecting $4.19 billion and $0.56 a share, according to data compiled by Yahoo! Finance.
Now what: Jabil also reported a strong first-quarter outlook, projecting $0.62 to $0.70 a share of core earnings on $4.3 billion to $4.5 billion in revenue. Both estimates easily blew away Wall Street expectations, possibly goading some investors to sell off shares of competitor Sanmina-SCI (Nasdaq: SANM ) , which was down more than 2% as of this writing. Jabil's other direct competitor, Flextronics International (Nasdaq: FLEX ) , was rallying as the closing bell approached. Where do you stand on Jabil Circuit? Would you buy the stock at these levels? Please weigh in using the comments box below.
Interested in more info on Jabil Circuit? Add it to your watchlist by clicking here.