Jabil (JBL) Misses Q2 EPS by 14c, Withdraws FY Guidance
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Jabil Posts Second Quarter Results
March 13, 2020 8:00 AM EDTST. PETERSBURG, Fla.--(BUSINESS WIRE)-- Today, Jabil Inc. (NYSE: JBL), reported preliminary, unaudited financial results for its second quarter of fiscal year 2020.
After a stronger than expected start to the fiscal quarter, our factories were adversely impacted by workforce and supply chain disruptions associated with COVID-19, said CEO Mark Mondello. First and foremost, the safety and well-being of our people is our number one priority. Despite the near-term financial setback, our long-term strategy remains unchanged, he added.
The second quarter expenses directly associated with business interruption caused by COVID-19 were approximately $53... More
