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 ...

SECOND QUARTER FISCAL YEAR 2024 RESULTS Forward Looking Statement Forward ...

Jabil Inc. (NYSE:JBL) Q2 2024 Earnings Conference Call March 15, 2024 8:30 AM ET Company Participants Adam Berry - VP, IR Michael Dastoor - CFO Kenny Wilson - CEO Conference Call Participants Steven Fox - Fox Advisors Ruplu Bhattacharya - Bank of America Mark Delaney - Goldman Sachs Melissa Fairbanks - Raymond James George Wang - Barclays Operator Greetings. Welcome to the Jabil Second Quarter of Fiscal Year 2024 Earnings Call. At this time, all participants are in a listen-only mode. A question-and-answer ...

Jabil (JBL -16.43%) stock tumbled 12.5% through 10:20 a.m. ET Friday morning after the stock reported mixed earnings and gave weak guidance in its fiscal Q2 2024 financial report.Heading into the earnings report, analysts had forecast that Jabil would earn $1.66 per share on $6.9 billion in quarterly sales. Jabil beat the earnings number with a "core" profit of $1.68, but missed on sales, reporting $6.8 billion. Jabil Q2 earningsAt the same time, Jabil reported much stronger earnings as calculated according ...

Jabil Inc (NYSE: JBL) is down 12% on Friday after reporting slightly lower-than-expected revenue for its second financial quarter.Jabil stock down on muted guidanceCopy link to sectionInvestors are concerned also because the manufacturing company issued downbeat guidance for the future. $JBL now forecasts its revenue to fall between $6.2 billion and $6.8 billion. Analysts, in comparison, were at $7.4 billion. Kenny Wilson – the chief executive of Jabil Inc said in a press release today:Despite revenue headw ...

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its second quarter of fiscal year 2024. “Despite revenue headwinds this year, which are expected to be short-term, I’m pleased with the resiliency of our model and our team’s demonstrated ability to execute,” said CEO Kenny Wilson. “Even under these conditions, we expect to deliver strong core operating margins and free cash flow in FY24,” he added. Second Quarter of Fiscal Year 20 ...