Jabil's Q4: Earnings Beat, $1B Buyback, FY25 Guidance And More
Portfolio Pulse from Anusuya Lahiri
Jabil Inc (NYSE: JBL) reported a Q4 earnings beat with revenue of $6.96 billion and an EPS of $2.30, both surpassing analyst expectations. Despite a decline in revenue for its segments, the company announced a $1 billion share buyback and provided FY25 guidance. JBL stock rose 8.88% premarket.
September 26, 2024 | 12:32 pm
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Jabil Inc reported better-than-expected Q4 earnings with revenue and EPS surpassing estimates. The company announced a $1 billion share buyback and provided FY25 guidance. JBL stock rose 8.88% premarket.
Jabil's Q4 earnings exceeded expectations, which is a positive indicator for investors. The announcement of a $1 billion share buyback is likely to boost investor confidence and support the stock price. The FY25 guidance aligns closely with consensus, providing stability. The premarket stock increase of 8.88% reflects positive market sentiment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100