NEW YORK, May 16, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of Jabil Inc. ("Jabil" or the "Company") (NYSE: JBL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Jabil and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices.[Click here for information about joining the class action]On April 18, 2024, Jabil disclosed in fil ...

NEW YORK, May 03, 2024 (GLOBE NEWSWIRE) -- The law firm of Kirby McInerney LLP is investigating potential claims against Jabil Inc. ("Jabil" or the "Company") (NYSE:JBL). The investigation concerns whether Jabil and/or certain of its officers have violated the federal securities laws and/or engaged in other unlawful business practices. [Click here to learn more about the investigation] On April 18, 2024, Jabil disclosed in filing with the U.S. Securities and Exchange Commission that "[o]n April 15, 2024, Mr ...

Jabil has started getting a nice chunk of its revenue from serving the AI market.Shares of contract electronics manufacturer Jabil (JBL 3.38%) took a beating after the company released its fiscal 2024 second-quarter results on March 15. Jabil delivered handsome gains to investors last year as it successfully navigated a tough spending environment in multiple markets, and it's still trading at almost twice the price at which it began calendar 2023.However, the company's latest guidance was well behind expect ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended February 29, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-14063 JABIL INC. (Exact name of registrant as specified in its charter) Delaware 38-1886260 (State or other jurisdiction of ...

Industry First "Silicon to Solutions" Manufacturing Approach Paves Way for Scalability of Current and Next Generation Photonic Integrated Circuits (PICs) SANTA CLARA, Calif., March 20, 2024 /PRNewswire/ -- To streamline and facilitate a back-end manufacturing ecosystem for PICs, OpenLight, the world leader in custom PASIC chip design and manufacturing, today announced a strategic partnership with Jabil, a global manufacturing solutions provider. With this collaboration, OpenLight customers can fast-track th ...

Jabil Inc. (JBL) , one of the largest global suppliers of electronic manufacturing services, reported second-quarter non-GAAP earnings per share of $1.68, surpassing the Zacks Consensus Estimate of $1.65. Cost optimization initiatives and healthy demand in the automotive & transportation end market primarily drove the outperformance. However, the bottom line declined from the year-ago quarter’s tally of $1.88 per share.The company reported revenues of $6.76 billion. The top line fell short of the Zacks Cons ...

Key TakeawaysThe S&P 500 lost 0.7% on Friday, March 15, 2024, after a report showed consumer expectations for inflation inched higher in February.Shares of Jabil plunged as the electronics manufacturer issued lower-than-expected guidance, noting it faces a transitional year after divesting its mobility business.Real estate information firm CoStar Group reported an increase in visitors to its Homes.com platform, and its shares moved higher. Major U.S. equities indexes fell on the final day of the trading wee ...

Key TakeawaysJabil's second-quarter revenue and current-quarter guidance came up short of forecasts as the firm faced "revenue headwinds." Shares sank nearly 17%.The electronic technology firm also reduced its full-year revenue outlook.CEO Kenny Wilson said the company always expected fiscal 2024 to be a "transitional year." Jabil Inc. (JBL) shares were down nearly 17% in afternoon trading Friday after the electronic technology firm’s second-quarter fiscal 2024 sales and current-quarter guidance missed esti ...

Key PointsJabil Inc. had a weak quarter following the sale of its mobility business, but margin and cash flow remain solid. Capital returns are reducing the share count quickly, building leverage for investors. Analysts support the market but may cap gains in the near term. 5 stocks we like better than JabilJabil Inc. NYSE: JBL stock price is down 10% in early trading, extending a decline that began before the Q2 release and may fall further. However, the decline is due more to market mechanics than the res ...

Jabil Inc. (JBL) reported mixed second-quarter fiscal 2024 results, with the bottom line beating the Zacks Consensus Estimate but the top line missing the same. The company reported a top-line contraction year over year, owing to soft demand trends in several end markets.Net IncomeNet income on a GAAP basis in the quarter was $927 million or $7.31 per share compared with $207 million or $1.52 per share in the prior-year quarter. Despite top line decline, gain from the divestiture of Mobility business suppor ...