Advertisement
Jabil Guides Q3 In Line With Estimates; Q2 Results Top Estimates
(RTTNews) - While reporting preliminary, unaudited financial results for its second quarter on Thursday, Jabil Inc. (JBL) said it expects third-quarter earnings in a range of $1.50 to $1.90 per share and core earnings in a range of $1.70 to $2.10 per share on net revenues between $7.9 billion and $8.5 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.88 per share on revenues of $8.14 billion for the quarter. Analysts' estimates typically exclude special items.
Looking ahead to fiscal 2023, the company now projects revenues of about $34.5 billion, while analysts expect revenues of $34.51 billion for the year.
For the second quarter, the company reported net income of $207 million or $1.52 per share, compared to $222 million or $1.51 per share in the prior-year quarter. Excluding items, adjusted earnings for the quarter was $1.88 per share, compared to $1.68 per share in the year-ago quarter.
Net revenue for the quarter increased to $8.13 billion from $7.55 billion in the same quarter last year.
The Street was looking for earnings of $1.85 per share on revenues of $8.09 billion for the quarter.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
Jabil Confirms Q3 Outlook; Withdraws FY25 Outlook; Appoints Michael Dastoor CEO, Gregory Hebard CFO
Jabil Again Boosts FY22 Outlook - Update
U.S. Dollar Declines On Trade Deal Optimism
Swiss Market Ends On Positive Note
European Stocks Close On Firm Note On Trade Deal Optimism, Earnings
TSX Modestly Higher On Positive Jobs Data, Earnings Updates
Bay Street Headed For Positive Start
