Jabil Circuit Gets a Boost
Investors pushed shares of
Jabil Circuit
higher on Wednesday on reports that two companies will use the electronics manufacturing outsourcer to build their products.
Jabil's stock recently tacked on $1.37, or 5.2% to $27.75.
Toronto-based
PreMD
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, which develops tests to detect cardiovascular disease and cancer, said it had received permission from the U.S. Food and Drug Administration to market its second-generation Point of Care (POC) Skin Sterol Test, which assesses heart disease risk. Jabil will manufacture the product in its U.S. facilities.
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In addition, according to media reports,
BenQ Mobile
, based in Munich, has been negotiating with Jabil and
Foxconn
to outsource production of its handsets. BenQ has struggled to make a profit since taking over the business from
Siemens
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last year.
Jabil representatives were not immediately available for comment.
The company is scheduled to report its fourth-quarter earnings on Tuesday.
