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-0.000243743906402349 -0.000487487812804698 -0.000406239844003992 0.000406239844003877 0.00235619109522255 0.00861228469288258 0.00710919727006825 0.0102778680532986
Stock impact report

Jabil (JBL) Q2 Earnings Top, Sales Up in Auto & Transportation [Yahoo! Finance]

Jabil Inc. (JBL) 
Last jabil inc. earnings: 3/13 08:00 am Check Earnings Report
US:NYSE Investor Relations: jabil.gcs-web.com/investor-relations
Company Research Source: Yahoo! Finance
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 Consensus Estimate of $6.9 billion and came in 17% lower than second-quarter 2023 sales, primarily due to weakness in several end markets. Fiscal 2024 is going to be a year of transition for Jabil as management is placing a strong emphasis on optimizing its footprint and cost structure. In the second quarter, the company completed divestiture of its Mobility business. The move highlight's company's strategic intent to invest more in core operations and reward shareholders with risk-a Show less Read more
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