Jabil Stumbles Into Its Q3 Earnings Report
Jabil(JBL) Seeking Alpha·2024-06-14 03:15
kr7ysztof/E+ via Getty ImagesJabil (NYSE:JBL) - the supposed "Best Kept Secret On Wall Street" according to yours truly - badly disappointed when Q2 earnings were released back on March 15. As a result, the stock dropped some 16% on the day. And despite a valiant attempt to regroup and rally, the stock closed Thursday at $121 and change (see chart below). That's down 23% from Jabil's "stock buyback" propelled 52-week high of $157. A month later CEO Kenneth Wilson was placed on paid leave "pending comple ...