Jabil Again Boosts FY22 Outlook - Update

RTTNews | vor 882 Tagen
Jabil Again Boosts FY22 Outlook - Update

(RTTNews) - While reporting preliminary, unaudited financial results for the third quarter on Thursday, Jabil Inc. (JBL) raised its core earnings and revenue guidance for the full-year 2022, based on solid demand in key areas of its business. The company also provided financial outlook for the fourth quarter.

For fiscal 2022, the company now projects core earnings of about $7.45 per share on revenues of about $32.8 billion. Previously, the company expected core earnings of about $7.25 per share on revenues of about $32.6 billion.

On average, seven analysts polled by Thomson Reuters expect the company to report earnings of $7.25 per share on revenues of $32.67 billion for the year. Analysts' estimates typically exclude special items.

For the fourth quarter, the company expects earnings in a range of $1.78 to $2.18 per share and core earnings in a range of $1.94 to $2.34 per share on net revenues between $8.1 billion and $8.7 billion.

The Street is currently looking for earnings of $2.01 per share on revenues of $8.27 billion for the quarter.

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Jabil Guides Q3 In Line With Estimates; Q2 Results Top Estimates

Jabil Guides Q3 In Line With Estimates; Q2 Results Top Estimates

While reporting preliminary, unaudited financial results for its second quarter on Thursday, Jabil Inc. (JBL) said it expects third-quarter earnings in a range of $1.50 to $1.90 per share and core earnings in a range of $1.70 to $2.10 per share on net revenues between $7.9 billion and $8.5 billion.
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Asian Markets Mostly Higher

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China Industrial Output Rises 5.3% On Year In October

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Industrial production in China was up 5.3 percent on year in October, the National Bureau of Statistics said on Friday - slowing from 5.4 percent in September and missing expectations for 5.5 percent.
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Japanese Market Significantly Higher

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Snapping a three-session losing streak, the Japanese stock market is significantly higher on Friday, despite the broadly negative cues from Wall Street overnight. The benchmark Nikkei 225 is moving well above the 38,800 level, with gains across all sectors led by index heavyweights and technology stocks as traders reacted to solid domestic GDP data.
RTTNews | vor 6Std 20 Minuten
Thai Shares Tipped To Open In The Red On Friday

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The Thai stock market turned lower again on Thursday, one day after snapping the three-day losing streak in which it had slumped almost 25 points or 1.6 percent. The Stock Exchange of Thailand now sits just above the 1,450-point plateau and it's expected to open under pressure again on Friday.
RTTNews | vor 6Std 34 Minuten
Australian Market Notably Higher

Australian Market Notably Higher

The Australian stock market is notably higher on Friday, adding to the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well above the 8,200 level, with gains across most sectors led by gold miners and technology stocks.
RTTNews | vor 6Std 55 Minuten