Jabil Circuit Beats Estimates, Hits 52-Week High (JBL)

Shares of Jabil Circuit, Inc. JBL ended Tuesday trading up 10.7% at $19.55 per share. The company's shares surged a day after it reported 1st quarter core diluted earnings per share of 61 cents per share, which was double the amount posted a year earlier and beat analyst estimates. The day's trading range for shares of Jabil Circuit, Inc was $18.63 to a 52-week high of $19.67 per share. Analysts covering Jabil Circuit, Inc. (JBL) stock give it a consensus price target of $18.83 per share. Trading volume for Jabil Circuit, Inc was heavy, with 15.3 million shares traded today, nearly 4 times the daily average volume of 4.1 million shares. Jabil Circuit, Inc is an electronic product solutions company providing comprehensive electronics design, manufacturing and product management services to global electronics and technology companies. Read more from Benzinga's Company news.