Jabil Q1 Adj EPS $2.60 Up From $2.31 YoY, Sales $8.39B Down From $9.63B YoY
Portfolio Pulse from Benzinga Newsdesk
Jabil Inc. (NYSE:JBL) reported its Q1 adjusted earnings per share (EPS) at $2.60, a 12.55% increase from $2.31 in the same quarter last year. However, sales decreased by 12.95% to $8.39 billion from $9.63 billion in the same period last year.
December 14, 2023 | 12:31 pm
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Jabil Inc. reported a rise in Q1 adjusted EPS by 12.55% to $2.60, but a decrease in sales by 12.95% to $8.39 billion compared to last year.
The mixed results with an increase in EPS and a decrease in sales could lead to a neutral short-term impact on Jabil's stock price. Investors may view the earnings positively, but concerns about the sales drop could offset potential gains.
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