Jabil Again Boosts FY22 Outlook - Update

RTTNews | 882 days ago
Stocktwits
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.

Tags: JBL
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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.
RTTNews | 609 days ago
Continued Consolidation May Plague China Shares

Continued Consolidation May Plague China Shares

The China stock market has alternated between positive and negative finishes through the last seven trading days since the end of the two-day winning streak in which it had spiked more than 110 points or 3.3 percent. The Shanghai Composite now sits just beneath the 3,380-point plateau and it may take further damage on Friday.
RTTNews | 5h 9min ago
Soft Start Anticipated For Taiwan Stock Market

Soft Start Anticipated For Taiwan Stock Market

The Taiwan stock market has moved lower in four straight sessions, tumbling almost 850 points or 3.6 percent along the way. The Taiwan Stock Exchange now rests just above the 22,715-point plateau and it's expected to open to the downside again on Friday.
RTTNews | 5h 39min ago
Japan GDP Adds 0.2% On Quarter In Q3

Japan GDP Adds 0.2% On Quarter In Q3

Japan's gross domestic product expanded by a seasonally adjusted 0.2 percent on quarter in the third quarter of 2024, the Cabinet Office said in Friday's preliminary report.
RTTNews | 5h 59min ago
Singapore Bourse May Spin Its Wheels On Friday

Singapore Bourse May Spin Its Wheels On Friday

The Singapore stock market has moved higher in two straight sessions, collecting more than 25 points or 0.7 percent along the way. The Straits Times Index now sits just beneath the 3,740-point plateau although it may run out of steam on Friday.
RTTNews | 6h 9min ago
Malaysia Stock Market May Extend Thursday's Losses

Malaysia Stock Market May Extend Thursday's Losses

The Malaysia stock market headed south again on Thursday, one day after ending the four-day slide in which it had dropped more than 25 points or 1.7 percent. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau, although it may give up that support on Friday.
RTTNews | 6h 39min ago
TSX Rises To New Record High, Settles Above 25k Mark

TSX Rises To New Record High, Settles Above 25k Mark

The Canadian market settled higher on Thursday with the benchmark S&P/TSX Composite Index moving on to a new record high, riding on strong gains in the energy sector. In addition to reacting to a slew of earnings updates, investors also digested a mixed batch of economic data from the U.S.
RTTNews | 7h 4min ago
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