Jabil Updates Q2 2024 Revenue $7B-$7.6B Vs $8.1B Est.
Portfolio Pulse from Benzinga Newsdesk
Jabil has updated its Q2 2024 revenue guidance to $7B-$7.6B, which is lower than the estimated $8.1B previously expected by analysts.
November 28, 2023 | 9:18 pm
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Jabil's updated revenue guidance for Q2 2024 is significantly lower than analysts' expectations, which could lead to a negative short term impact on its stock price.
Revenue guidance is a critical indicator of a company's future performance. Jabil's significant downward revision from the expected $8.1B to $7B-$7.6B suggests that the company may face challenges that could disappoint investors and negatively affect the stock price in the short term.
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