NewsFeeder
12-18-2018, 04:41 PM
Jabil stock rises 10% after earnings beat
Jabil Inc. shares surged 10% in the extended session Tuesday after the tech company beat earnings and revenue expectations. The company reported fiscal first-quarter net income of $123.6 billion, or 76 cents a share, compared with $63.8 million, or 35 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, earnings were 90 cents a share. Revenue rose to $6.51 billion from $5.59 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 88 cents a share on revenue of $6.1 billion. For the fiscal second quarter, analysts model adjusted earnings of 60 cents a share on revenue of $5.81 billion. Jabil said it expects adjusted fiscal second-quarter earnings of 51 cents to 71 cents a share on sales of $5.8 billion to $6.4 billion. Jabil stock has fallen 15% this year, with the S&P 500 index falling 4.8%.
https://finance.yahoo.com/m/f567666d-de4d-3ed7-9d6d-8f50d5d9a28d/jabil-stock-rises-10%25-after.html?.tsrc=rss
Jabil Inc. shares surged 10% in the extended session Tuesday after the tech company beat earnings and revenue expectations. The company reported fiscal first-quarter net income of $123.6 billion, or 76 cents a share, compared with $63.8 million, or 35 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, earnings were 90 cents a share. Revenue rose to $6.51 billion from $5.59 billion in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 88 cents a share on revenue of $6.1 billion. For the fiscal second quarter, analysts model adjusted earnings of 60 cents a share on revenue of $5.81 billion. Jabil said it expects adjusted fiscal second-quarter earnings of 51 cents to 71 cents a share on sales of $5.8 billion to $6.4 billion. Jabil stock has fallen 15% this year, with the S&P 500 index falling 4.8%.
https://finance.yahoo.com/m/f567666d-de4d-3ed7-9d6d-8f50d5d9a28d/jabil-stock-rises-10%25-after.html?.tsrc=rss