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14.12.2023

Company news: Jabil (JBL) quarterly earnings beat analysts’ expectations

Jabil (JBL) reported Q1 FY2024 earnings of $2.60 per share (versus $2.31 per share in Q1 FY2023), beating analysts’ consensus estimate of $2.58 per share.

The company’s quarterly revenues amounted to $8.387 bln (-13.0% y/y), roughly in line with analysts’ consensus estimate of $8.351 bln.

The company also reaffirmed guidance for FY2024, seeing EPS of $9.00 versus analysts’ consensus estimate of $9.13 and revenue of $31 bln versus analysts’ consensus estimate of $31.86 bln.

JBL rose to $122.00 (+1.16%) in pre-market trading.

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