In Q2 FY24, Jabil Inc reported a 16.8% YoY revenue decrease to $6.77bn, below expectations, and lowered its FY24 outlook.
Jabil Inc, a print manufacturing company, reported a 16.8% YoY revenue decrease in its Q2 FY24, reaching $6.77bn, below the expected $6.89bn. Although its adjusted EPS of $1.68 beat the consensus estimate of $1.66, Jabil lowered its FY24 outlook, revising revenue guidance to $28.5bn (down from $30.6bn) and core EPS to $8.40 (down from $9.00+). The stock price slid after the results, with shares trading lower by 16.20% at $123.44 on Friday.
March 15, 2024
13 Articles