Jabil cuts earnings outlook as sale of mobility business closed a month early

Jabil Inc. JBL, +0.42% lowered its guidance ranges for fiscal second-quarter profit and revenue, because the deal to sell its mobility business closed a month earlier than expected. The the electronics manufacturing services company’s stock was still inactive in the premarket. Jabil said it now expects revenue of $6.6 billion to $7.2 billion, down from previous guidance of $7.0 billion to $7.6 billion, and lowered its outlook for adjusted earnings per share to $1.43 to $1.83 from $1.73 to $2.13. Jabil said ...