Jabil (JBL) beats, offers better-than-expected FQ3 outlook

Jabil (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 $34.5 billion, in-line with the Street consensus.

By Senad Karaahmetovic

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