Jabil shares are trading higher after the company reported mixed Q4 results and issued Q1 EPS guidance above estimates. The company also increased its current share repurchase authorization to $2.5 billion.
Portfolio Pulse from Benzinga Newsdesk
Jabil reported mixed Q4 results and issued Q1 EPS guidance above estimates. The company also increased its current share repurchase authorization to $2.5 billion, leading to a rise in its share price.
September 28, 2023 | 2:16 pm
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Jabil's Q1 EPS guidance above estimates and increased share repurchase authorization to $2.5 billion has led to a rise in its share price.
Jabil's Q1 EPS guidance, which is above estimates, indicates strong future performance. Additionally, the increase in share repurchase authorization to $2.5 billion shows the company's confidence in its stock, which is a positive signal to investors. These factors have led to a rise in Jabil's share price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100