(Il Sole 24 Ore Radiocor) - Milano, 17 giu - Jabil lifted its full-year guidance after reporting third quarter profits and revenue that beat expectations.

The electronic component maker said it now expects adjusted earnings for the year of 12.70 dollars per share compared to a previous forecast of 12.25. Revenue is seen at around 35 billion dollars compared to a previous roughly 34 billion.

Analysts were projecting adjusted earnings of 12.35 dollars per share and revenue of 34.17 billion.

"AI infrastructure demand remains extremely strong, and our full-year AI-related revenue outlook is now meaningfully higher," CEO Mike Dastoor said.

In the third quarter Jabil posted net earnings of 275 million dollars, or 2.59 dollars per share, compared to a profit of 222 million, or 2.03 per share, in the same period a year ago.

On an adjusted basis, earnings were 3.16 dollars per share.

Analysts expected 3.10 dollars per share.

Net revenue in the three months ended May 31 rose 12% to.

8.75 billion dollars. Analysts expected 8.61 billion dollars.

(RADIOCOR) 17-06-26 15:52:21 (0510) 5 NNNN