NEW YORK (TheStreet) -- Shares of Jabil Circuit (JBL) - Get Report were gaining 2.2% to $23.15 after-hours Wednesday after the electronic design and manufacturing company beat analysts' estimates for earnings in the fiscal second quarter.

Jabil Circuit reported earnings of 50 cents a share for the fiscal second quarter, above analysts' estimates of 45 cents a share. Revenue grew 20.1% year over year to $4.30 billion for the quarter, compared to analysts' estimates of $4.27 billion.

The company said it expects earnings of 43 cents to 55 cents a share and revenue of $4.35 billion to $4.55 billion for the fiscal third quarter. Analysts expect the company to report earnings of 47 cents a share and revenue of $4.43 billion for the quarter.

"I am extremely pleased with our strong operational performance during the quarter," CEO Mark T. Mondello said in a statement. "We're having a great year, as we remain focused on our key priorities. Priorities being growth of earnings, delivering innovative solutions to our customers, taking great care of our employees, and expanding our broad-based capabilities."

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."

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

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