Jabil shares hit record high after co lifts annual profit forecast
Yesterday 15:12
BUZZ-Jabil shares hit record high after co lifts annual profit forecast ** Shares of electronics firm Jabil JBL.N jumps 10.3% to $414.1, hitting a record high
** Co raises FY profit forecasts on growing data center demand
** Now expects FY adjusted EPS of $12.7, compared to its previous forecast of $12.25** "AI infrastructure demand remains extremely strong, and our full-year AI-related revenue outlook is now meaningfully higher," said CEO Mike Dastoor.
** JBL has risen 81% year-to-date
(Reporting by Akshaya V in Bengaluru)
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