ST PETERSBURG, Fla. (AP) _ Jabil Inc. (JBL) on Thursday reported fiscal first-quarter net income of $241 million.

On a per-share basis, the St Petersburg, Florida-based company said it had net income of $1.63. Earnings, adjusted for stock option expense and non-recurring costs, came to $1.92 per share.

The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The electronics manufacturer posted revenue of $8.57 billion in the period, which also topped Street forecasts. Three analysts surveyed by Zacks expected $8.28 billion.

For the current quarter ending in March, Jabil expects its per-share earnings to range from $1.35 to $1.55. Analysts surveyed by Zacks had forecast adjusted earnings per share of $1.41.

The company said it expects revenue in the range of $7.1 billion to $7.7 billion for the fiscal second quarter. Analysts surveyed by Zacks had expected revenue of $7.38 billion.

Jabil expects full-year earnings to be $6.55 per share, with revenue expected to be $31.8 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on JBL at https://www.zacks.com/ap/JBL

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