Jabil Q4 Earnings Top Estimates Despite Weakness in Multiple Verticals

Jabil, Inc. (JBL) reported healthy fourth-quarter fiscal 2024 results, with both the bottom and top lines surpassing the Zacks Consensus Estimate. However, weakness in multiple end markets, including networking, storage, digital print, retail, 5G wireless & cloud, led to a revenue contraction year over year. Growth in AI-powered data center is a tailwind.Net IncomeNet income on a GAAP basis in the quarter was $138 million or $1.18 per share compared with $155 million or $1.15 per share in the prior-year qua ...