Jabil Posts Upbeat Earnings, Joins Micron Technology, Southwest Airlines And Other Big Stocks Moving Higher On Thursday
Portfolio Pulse from Avi Kapoor
Jabil Inc. reported better-than-expected earnings, leading to a significant stock price increase. Other notable stock movements include Micron Technology and Southwest Airlines, which also saw gains due to strong results and strategic announcements.
September 26, 2024 | 4:34 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Jabil Inc. reported strong Q4 earnings, beating revenue and EPS estimates, and announced a $1 billion share buyback, leading to an 11.2% stock price increase.
Jabil's better-than-expected earnings and significant share buyback program are positive signals for investors, likely driving the stock price up.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100
POSITIVE IMPACT
Southwest Airlines announced a $2.5 billion share repurchase program and provided Q3 RASM guidance, leading to a 9.9% stock price increase.
The share repurchase program and positive guidance are likely to boost investor confidence, contributing to the stock's rise.
CONFIDENCE 95
IMPORTANCE 85
RELEVANCE 80
POSITIVE IMPACT
Micron Technology shares rose 14.2% following strong quarterly results, indicating positive investor sentiment.
Micron's strong quarterly results suggest robust performance, boosting investor confidence and driving the stock price higher.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80