Jabil Inc. reports stronger-than-expected earnings, driven by AI demand, despite sales drop.

Jabil Inc., a major electronics manufacturer, reported better-than-expected first-quarter earnings and revenue despite a 16.6% drop in sales year-over-year. The company's stock rose due to the strong performance and improved guidance, with CEO Mike Dastoor citing increased demand for AI infrastructure. Jabil now expects full-year earnings of $8.75 per share and revenue of $27.3 billion. The company also declared a quarterly dividend and noted positive analyst reviews.

3 months ago
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