QVAL - Jabil Lowers FY24 Outlook After Q2 Revenue Dip Stock Tumbles | Benzinga
Jabil Inc (NYSE: JBL) reported second-quarter fiscal 2024 revenue of $6.77 billion, down by 16.8% year-on-year, missing the consensus estimate of $6.89 billion.
The print manufacturing company’s adjusted EPS of $1.68 beat the consensus of $1.66. The stock price slid after the results.
Segments: Diversified Manufacturing Services (DMS) revenue declined by 16% Y/Y, and Electronics Manufacturing Services (EMS) revenue fell by 18% Y/Y.
The company held $2.6 billion in cash and ...