Electronic components maker Jabil Inc on Thursday posted better-than-expected quarterly results, indicating recovery in demand in its 5G, AI datacenter markets after a sluggish period.
Jabil Inc. JBL will release its third-quarter financial results, before the opening bell on Thursday.
Jabil (JBL) is expected to report a top-line contraction year over year in the third quarter of fiscal 2024 due to soft demand in industrial & semi-cap, renewable energy and 5G markets. Efforts to improve cash flow is a positive.
Jabil Inc. JBL is set to release third quarter financial results, before the opening bell on Thursday.
Jabil stock dropped 16% when a weak Q2 earnings report was released in March. JBL closed at $121 June 13 and is down 23% from its 52-week high of $157. CEO Kenneth Wilson was replaced by CFO Mike Dastoor, a 24-year Jabil veteran. Despite the weak Q2 and C-suite drama, Jabil reiterated full-year FY2024 guidance, including expectations to generate more than $1 billion in adjusted free cash flow.
The latest trading day saw Jabil (JBL) settling at $117.75, representing a +0.56% change from its previous close.
NEW YORK, NY / ACCESSWIRE / June 9, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Jabil Inc. ("Jabil" or the "Company") (NYSE:JBL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
The latest trading day saw Jabil (JBL) settling at $115.97, representing a +1.54% change from its previous close.
NEW YORK, NY / ACCESSWIRE / June 1, 2024 / Pomerantz LLP is investigating claims on behalf of investors of Jabil Inc. ("Jabil" or the "Company") (NYSE:JBL). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
Jabil (JBL) advances innovation in its cloud server solution suite to match the requirement of leading-edge data center use cases in the financial service industry.
Jabil (JBL) closed the most recent trading day at $119.60, moving +0.68% from the previous trading session.
Due to uncertain market conditions and an unexpected CEO transition, Jabil (JBL) has decided to withdraw its previously provided guidance for fiscal 2025.