Jabil Circuit (NYSE: JBL) reported earnings yesterday. Here are the numbers you need to know.

The 10-second takeaway
For the quarter ended Feb. 29 (Q2), Jabil Circuit beat expectations on revenues and beat slightly on earnings per share.

Compared to the prior-year quarter, revenue expanded, and GAAP earnings per share increased significantly.

Gross margins improved, operating margins dropped, and net margins grew.

Revenue details
Jabil Circuit tallied revenue of $4.24 billion. The 10 analysts polled by S&P Capital IQ predicted net sales of $4.09 billion on the same basis. GAAP reported sales were 7.8% higher than the prior-year quarter's $3.93 billion.

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Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.

EPS details
Non-GAAP EPS came in at $0.58. The 11 earnings estimates compiled by S&P Capital IQ averaged $0.57 per share on the same basis. GAAP EPS of $0.46 for Q2 were 84% higher than the prior-year quarter's $0.25 per share.

Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.

Margin details
For the quarter, gross margin was 7.6%, 10 basis points better than the prior-year quarter. Operating margin was 3.5%, 10 basis points worse than the prior-year quarter. Net margin was 2.3%, 90 basis points better than the prior-year quarter.

Looking ahead
Next quarter's average estimate for revenue is $4.32 billion. On the bottom line, the average EPS estimate is $0.65.

Next year's average estimate for revenue is $17.36 billion. The average EPS estimate is $2.58.

Investor sentiment
The stock has a three-star rating (out of five) at Motley Fool CAPS, with 370 members rating the stock outperform and 41 members rating it underperform. Among 85 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 80 give Jabil Circuit a green thumbs-up, and five give it a red thumbs-down.

Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Jabil Circuit is outperform, with an average price target of $24.85.

Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor of Motley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.