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What: Shares of Jabil Circuit
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
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