NEW YORK (TheStreet) -- Jabil Circuit (JBL) - Get Report shares are up 1.02% to $22.88 in afternoon trading on Thursday following the release of the electronic manufacturing services and solutions provider's second quarter earnings results after the closing bell yesterday.

The St. Petersburg, FL-based company reported second quarter net income of $52 million, or 50 cents per share when adjusted for restructuring costs, on revenue of $4.31 billion. Analysts on average were expecting the company to report earnings of 45 cents per diluted share on revenue of $4.28 billion.

The company said that it expects to earn between 43 cents and 55 cents per share during the current quarter on revenue between $4.35 billion and $4.55 billion. Analysts on average are expecting the company to earn 47 cents per share on $4.4 billion in revenue.

The company reported that electronic manufacturing services, which makes up 61% of its revenue, increased 6% year over year to $2.6 billion.

TheStreet Ratings team rates JABIL CIRCUIT INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate JABIL CIRCUIT INC (JBL) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, disappointing return on equity and generally higher debt management risk."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

• You can view the full analysis from the report here: JBL Ratings Report

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