: : Jabil stock gains after profit, revenue rise above expectations and full-year outlook is above forecasts #FinanceUSA #StockMarketNEWS Shares of Jabil Inc. JBL rose 1.1% in premarket trading Thursday
@stockMarketNEWS 8 Days ago
: Jabil stock gains after profit, revenue rise above expectations and full-year outlook is above forecasts #FinanceUSA #StockMarketNEWS
Shares of Jabil Inc. JBL rose 1.1% in premarket trading Thursday after the electronics manufacturing services (EMS) reported fiscal second-quarter results that rose above expectations, and provided an upbeat full-year outlook. Net income for the quarter to Feb. 28 rose to 7 million, or .52 a share, from 2 million, or .51 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of .88 beat the FactSet consensus of .85. Revenue grew 7.7% to .13 billion, topping the FactSet consensus of .09 billion, with EMS services revenue rising 7% and diversified manufacturing services revenue up 8%. Looking ahead, the company expects third-quarter revenue of .9 billion to .5 billion, surrounding the FactSet consensus of .14 billion, but said it expects full fiscal-year revenue of .5 billion, which was above expectations of .9 billion. The stock had run up 16.3% over the past three months through Wednesday, while the S&P 500 SPX has tacked on 1.0%.
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