Jabil Again Boosts FY22 Outlook - Update

RTTNews | 1014 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 | 741 days ago
Pound Falls Against Majors

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RTTNews | 4h 8min ago
UK Inflation Cools To 2.8%

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RTTNews | 4h 13min ago
Asian Shares Follow Wall Street Higher

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RTTNews | 5h 16min ago
Commodity Currencies Advance Amid Risk-on Mood

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The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major currencies in the Asian session on Wednesday, as investors risk-on mood increased amid optimism about earlier interest rate cuts by the U.S. Fed after U.S. consumer confidence deteriorated by more than expected in the month of March. Traders are also optimistic about some tariff exemptions by the U.S. administration as they seek greater clarity on the next round of tariffs.
RTTNews | 5h 22min ago
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