Jabil Updates Q1 2024 Revenue $8.3B-$8.4B Vs $8.74B Est.
Portfolio Pulse from Benzinga Newsdesk
Jabil has updated its Q1 2024 revenue guidance to $8.3B-$8.4B, which is lower than the estimated $8.74B previously anticipated by analysts.
November 28, 2023 | 9:17 pm
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Jabil's revised revenue guidance for Q1 2024 is below analysts' estimates, indicating potential challenges or lower than expected performance.
The revision of revenue guidance by Jabil to a range below the analysts' expectations usually suggests a bearish signal for the stock in the short term. Investors may react negatively to the news of potential underperformance, leading to a possible decrease in the stock price.
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