
: Jabil beat profit and revenue expectations, raises full-year outlook #FinanceUSA #StockMarketNEWS Shares of Jabil Inc. slipped 0.7% in premarket trading Thursday, but outperformed the sharp selloff
@stockMarketNEWS 20 Days ago
Jabil beat profit and revenue expectations, raises full-year outlook #FinanceUSA #StockMarketNEWS
Shares of Jabil Inc. slipped 0.7% in premarket trading Thursday, but outperformed the sharp selloff in the broader stock market, after electronics contract manufacturer reported better-than-expected fiscal third-quarte results and raised it full-year outlook. Net income for the quarter to May 31 rose to 8 million, or .52 a share, from 9 million, or .12 a share, in the year-ago period. Excluding nonrecurring items, adjusted earnings per share of .72 beat the FactSet consensus of .62. Revenue grew 15.4% to .33 billion, above the FactSet consensus of .22 billion. Cost of sales rose more than sales, up 16.0% to .71 billion, to knock gross margin down to 7.4% from 7.9%. For fiscal 2022, the company raised its guidance for adjusted EPS to .45 from .25 and for revenue to .8 billion from .6 billion. The stock has lost 16.4% year to date through Wednesday, while the S&P 500 has dropped 20.5%.
Munafa USA Munafa India Munafa NSE
More posts by @stockMarketNEWS

: Dow opens more than 600 points lower as post-Fed rally vanishes #FinanceUSA #StockMarketNEWS U.S. stocks opened lower on Thursday, as the market's post-Fed meeting gains evaporated and investors confronted
@stockMarketNEWS 20 Days ago

: Home builder stocks hit hard after disappointing housing starts data #FinanceUSA #StockMarketNEWS Share of home builders were broadly lower Thursday, after data showing that U.S. housing starts fell
@stockMarketNEWS 20 Days ago
0 Comments
Sorted by latest first Latest Oldest Best
NSE Gainers NSE Losers BSE Gainers BSE Losers
Munafa NEWSTerms of Use Create Support ticket Your support tickets Powered by ePowerPress Stock Market News! Top Seo SMO © munafa.best2022 All Rights reserved.