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Jabil Stock Pops After a Beat-And-Raise Quarter


Published on 2024-12-18 13:01:09 - Kiplinger
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  • Jabil stock is higher Wednesday after the electronics firm beat earnings expectations and raised its full-year outlook. Here's what you need to know.

Jabil Inc. (JBL) experienced a significant surge in its stock price following the announcement of its fiscal second-quarter results, which exceeded expectations. The company reported adjusted earnings of $1.99 per share, surpassing the consensus estimate of $1.87 per share, and revenue of $8.13 billion, which was above the forecasted $8.09 billion. Jabil also provided an optimistic outlook for the fiscal third quarter, projecting earnings between $1.73 and $2.13 per share with revenue expected to be between $8 billion and $8.6 billion, both figures higher than analyst predictions. This positive financial performance and forward guidance led to a 14% increase in Jabil's stock price in after-hours trading. The company's success was attributed to strong demand in sectors like electric vehicles, renewable energy, healthcare, and AI-driven data centers, despite challenges in the broader electronics manufacturing services market.

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