tradingkey.logo

Jabil jumps on raising annual forecasts, upbeat quarterly results

ReutersMar 20, 2025 12:16 PM

Shares of electronic components maker Jabil JBL.N up 5.4% at $147 premarket

Co raises annual revenue and adjusted profit forecasts

CEO Mike Dastoor says co's designation as a U.S.-domiciled manufacturing services provider and significant U.S. footprint is becoming increasingly important for customers

Co beats Q2 revenue and adjusted EPS estimates, also sees Q3 revenue and adjusted profit largely above estimates, according to data compiled by LSEG

"In Q2, we exceeded our expectations due to continued strength in our capital equipment, cloud and data center infrastructure, and digital commerce end-markets", CEO says

JBL has fallen 3% YTD, as of last close

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Related Articles

KeyAI