Jabil rises on upbeat annual results forecasts

Shares of electric component maker Jabil JBL.N up 7% at about $228 in morning trading

Co forecasts annual revenue and profit above Wall Street estimates on surging demand for cloud, data centers, networking and equipment

Jabil expects full-year 2026 revenue of $32.4 bln, above analysts' avg. expectations of $31.52 bln, according to LSEG-compiled data

On an adj.basis, it expects annual profit/share of $11.55, versus expectations of $11.11

JBL reports quarterly adj. profit of $2.85/share, above Wall Street estimates of $2.70/share, according to data compiled by LSEG

Its quarterly revenue is at $8.30 bln, above estimates of $8.09 bln

Including session's moves, shares up 57.3% YTD