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Jabil Confirms Q3 Outlook; Withdraws FY25 Outlook; Appoints Michael Dastoor CEO, Gregory Hebard CFO

RTTNews | 335 days ago

Jabil Confirms Q3 Outlook; Withdraws FY25 Outlook; Appoints Michael Dastoor CEO, Gregory Hebard CFO

(RTTNews) - Jabil Inc. (JBL) announced Monday it is confirming the previously provided third-quarter guidance for net revenue of $6.2 billion to $6.8 billion, earnings of $0.82 to $1.38 per share and core earnings of $1.65 to $2.05 per share.

On average, eight analysts polled by Thomson Reuters expected the company to report earnings of $2.21 per share on revenues of $6.83 billion for the third quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2025, the the Company is withdrawing its previously provided guidance, given the current visibility in certain end markets, along with the unanticipated CEO transition.

Separately, Jabil announced the appointment of Michael Dastoor, who has been serving as Chief Financial Officer and Interim CEO, as Chief Executive Officer. He succeeds Kenneth Wilson, who will no longer serve as Chief Executive Officer or on Jabil's Board of Directors.

Gregory Hebard, most recently Senior Vice President, Treasurer, has been appointed Chief Financial Officer.

These actions follow the completion of the investigation related to corporate policies, which Jabil initially disclosed on April 18, 2024.

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 | 766 days ago

Jabil Again Boosts FY22 Outlook - Update

Jabil Again Boosts FY22 Outlook - Update

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.

RTTNews | 1039 days ago

Asian Markets Mostly Higher

Asian Markets Mostly Higher

Asian stock markets are mostly higher on Monday after a long holiday weekend, with some markets still shut for Easter holiday, following the mixed cues from Wall Street on Thursday, amid progress in tariff discussions between the Trump administration and other major economies. The lack of direct trade negotiations between the US and China continued to weigh on market sentiment.

RTTNews | 1h 33min ago

Sensex, Nifty Seen Little Changed At Open

Sensex, Nifty Seen Little Changed At Open

Indian shares look set to open on a flat note Monday as traders return to their desks after a long holiday weekend.

RTTNews | 1h 52min ago

Japanese Market Significantly Lower

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Monday, reversing the gains in the previous session, following the mixed cues from Wall Street on Thursday, with the Nikkei 225 falling below 34,500 level, with weakness across most sectors led by exporters and financial stocks.

RTTNews | 3h 15min ago

U.S. Dollar Drops Against Majors

U.S. Dollar Drops Against Majors

The U.S. dollar weakened against its major counterparts in the New York session on Friday.

RTTNews | 2 days ago

NZ Dollar Falls Amid RBNZ Rate Cut Speculations

NZ Dollar Falls Amid RBNZ Rate Cut Speculations

The New Zealand dollar weakened against other major currencies in the Asian session on Friday, as traders speculate additional easing by the Reserve Bank of New Zealand (RBNZ).

RTTNews | 2 days ago

NZ Dollar Falls Against Majors

NZ Dollar Falls Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Friday.

RTTNews | 2 days ago

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