Shares of Jabil Circuit (NYSE:JBL) jumped more than 5% after the closing as the company reported earnings. Net income for fiscal Q4 nearly doubled from $58.7 million (27 cents per share) to $114.3 million (52 cents per share). The company has enjoyed double-digit year-over-year percentage revenue growth for the past five quarters. Over that span, the company has averaged growth of 26.8%, with the biggest boost coming in the fourth quarter of the last fiscal year when revenue rose 37.9% from the year earlier quarter. Don’t Miss: Jabil Circuit Earnings Cheat Sheet: Fifth Consecutive Quarter of Double-Digit Growth.
Paychex Inc. (NASDAQ:PAYX) is up 2% in late trading. The company reported a first quarter profit of $148.9 million (41 cents per share), which is an increase from last year’s $131.9 million (36 cents per share). Analysts were expecting profits of 38 cents per share. Don’t Miss: Paychex, Inc. Earnings Cheat Sheet: Profit Rises for Third Straight Quarter.
Wal-Mart (NYSE:WMT) is edging up despite two top executives in charge of the Wal-Mart’s online business leaving the company. Their departure follows that of two other online executives who left last month for personal reasons. Wal-Mart announced on Tuesday that it hopes to name new leadership for its e-commerce business by the end of January. The company competes with Target (NYSE:TGT), Costco (NASDAQ:COST), and Amazon (NASDAQ:AMZN).