Jabil (JBL) came out with quarterly earnings of $2 per share, beating the Zacks Consensus Estimate of $1.87 per share. This compares to earnings of $2.60 per share a year ago.
Electronic components maker Jabil beat first-quarter profit and revenue estimates on Wednesday, driven by increased demand for data center infrastructure.
The supplier of electronic parts tops quarterly estimates for earnings and sales.
Jabil Inc. JBL will release its first-quarter financial results, before the opening bell, on Wednesday, Dec. 18.
JBL is expected to report a revenue contraction year over year owing to soft demand in several verticals.
Jabil is pivoting towards high-margin opportunities in AI infrastructure, healthcare, and renewable energy, positioning itself for substantial future growth. The company is restructuring into regulated industries, intelligent infrastructure, and connected living & digital commerce, enhancing focus and opening significant investment opportunities. Despite declining revenues, increasing margins, growing free cash flow, and substantial share buybacks indicate strong fundamentals and shareholder value.
Jabil (JBL) closed at $134.27 in the latest trading session, marking a -1.01% move from the prior day.
In the most recent trading session, Jabil (JBL) closed at $135.19, indicating a -0.47% shift from the previous trading day.
Jabil (JBL) concluded the recent trading session at $132.72, signifying a -0.96% move from its prior day's close.
Jabil (JBL) reachead $128.29 at the closing of the latest trading day, reflecting a +0.02% change compared to its last close.
JBL announces joint venture with Cyferd for AI-driven supply chain management.
Jabil (JBL) closed the most recent trading day at $135.52, moving -0.17% from the previous trading session.