Jabil beats, offers better-than-expected FQ3 outlook By Investing.com

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Jabil beats, offers better-than-expected FQ3 outlook

Stock Markets Mar 16, 2023 09:31AM ET

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Jabil beats, offers better-than-expected FQ3 outlook

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By Senad Karaahmetovic

Jabil Circuit Inc (NYSE:JBL) reported better-than-expected fiscal second-quarter results. Core EPS came in at $1.88 to beat the consensus of $1.85.

Revenue rose 7.7% to $8.13 billion, slightly ahead of the $8.1B estimate. For this quarter, the company expects revenue of $8.2B (the midpoint), again beating the consensus ($8.14B) by a small margin. Core EPS is seen at $1.90.

“For the fiscal year, we now believe the team will deliver 4.9% core operating margin on $34.5 billion in revenue,” JBL said in a press release.

The full-year forecast sees revenue at $34.5B, in-line with the Street consensus.

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