Shares of Jabil Circuit, Inc. (NYSE: JBL – $27.50) are trading at a new 52-week high after reporting preliminary financial results for its second quarter of fiscal year 2017, including net revenue of $4.4 billion. For the period, adjusted operating income was $152.2 million equal to earnings per share of $0.48, two cents ahead of Wall Street expectations. The maker of electronic and diversified products for original equipment providers such as Apple, sees third quarter revenue in the range of $4.25-$4.55 billion vs. the Street view of $4.40 billion. The company also guided earnings per share in a range of $0.19-$0.39 vs. expectations of $0.29. Earlier this year, Jabil doubled its annual profit growth projections for the electronics manufacturing unit, from an initial range of 5%-6% to its new call for a 10%-12% advance, citing that customers are transitioning from hardware companies to service solution providers as a result of the move to the Internet of Things. Shares of Jabil are not for the faint of heart, but I believe they have good long-term capital gains potential at current levels.