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Jabil Circuit’s Quarterly Results Largely Beat Targets

Jabil Circuit’s first-quarter results released Thursday largely beat projections. An employee works on a circuit...

Apple Inc. supplier Jabil Circuit Inc.’s quarterly results largely beat Wall Street projections, bolstered by stronger-than-projected results from its diversified manufacturing services segment, which includes Apple.

Segment revenue declined 3% from the year-ago period, compared with the 12% decrease Jabil had projected.

The electronics supplier expects to make 35 cents to 57 cents a share in adjusted profit on $4.2 billion to $4.5 billion in revenue in the second quarter, compared with analysts’...