Company news: Jabil’s (JBL) quarterly results beat analysts’ forecasts

Jabil (JBL) reported Q3 FY2024 earnings of $1.89 per share (versus $1.99 per share in Q3 FY2023), beating analysts’ consensus estimate of $1.85 per share.

The company’s quarterly revenues amounted to $6.765 bln (-20.2% y/y), beating analysts’ consensus estimate of $6.525 bln.

The company also issued in-line guidance for Q4 FY2024, seeing EPS of $2.03-2.43 versus analysts’ consensus estimate of $2.22 and revenues of $6.30-6.90 bln versus analysts’ consensus estimate of $6.79 bln.

JBL rose to $129.50 (+2.59%) in pre-market trading.