Jabil Q2 Adj EPS $1.68 Beats $1.66 Estimate, Sales $6.77B Miss $6.89B Estimate
Portfolio Pulse from Benzinga Newsdesk
Jabil Inc. (JBL) reported Q2 adjusted EPS of $1.68, surpassing the $1.66 estimate, but experienced a 10.64% decrease from last year's earnings. Sales reached $6.77B, missing the $6.89B estimate and marking a 16.81% decrease from the previous year.
March 15, 2024 | 11:46 am
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Jabil Inc. reported a mixed Q2 with an EPS beat but a miss on sales estimates, alongside significant year-over-year decreases in both earnings and sales.
The EPS beat might provide some positive sentiment, but the miss on sales and the significant year-over-year decreases in both earnings and sales could temper any potential positive impact on the stock price in the short term. The mixed results present a neutral outlook.
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