NNVC - Why Jabil Shares Are Trading Lower By 8%? Here Are Other Stocks Moving In Thursday's Mid-Day Session | Benzinga
Shares of Jabil Inc. (NYSE:JBL) fell sharply during Thursday's session following third-quarter results.
Jabil reported third-quarter fiscal 2024 revenue of $6.77 billion, down by 20.2% year-on-year, beating the analyst consensus estimate of $6.53 billion. The print manufacturing company's adjusted EPS of $1.89 beat the analyst consensus of $1.85, according to data from Benzinga Pro.
Jabil said it expects fourth-quarter revenue of $6.3 billion – $6.9 billion (consensus: $6.8 billion) and adjusted EPS to $2.03 – $2.43 (consensus: $2.22).
Jabil shares dipped 7.8% to $116.37 on Thursday.
Here are some other stocks moving in today’s mid-day session.
Gainers
- MGO Global, Inc. (NASDAQ:MGOL) shares jumped 222.8% to $1.48 after the company said it expects the pending acquisition of Spetner Associates to close in the second half of 2024, projecting it to increase annualized revenue to approximately $28 million.
- Griid Infrastructure Inc. (NASDAQ:GRDI) climbed 89.3% to $1.48 after falling more than 10% on Tuesday.
- Zapp Electric Vehicles Group Limited (NASDAQ:ZAPP) gained 89% to $2.58 after the company said it expects first customer deliveries of the i300 in the fourth quarter and anticipates selling over 5,000 units in the fiscal year ending September 30, 2025.
- Reliance Global Group, Inc. (NASDAQ:RELI) shares climbed 60.5% to $0.6279. Reliance Global Group announced major enhancement of capital structure following cashless exercise of warrants.
- Allurion Technologies Inc. (NYSE:ALUR) gained 50% to $1.598. Allurion announced publication of new data demonstrating lean mass gains in patients experiencing 14% weight loss.
- SMX (Security Matters) Public Limited Company (NASDAQ:SMX) rose 43% to $0.1702 after jumping 19% on Tuesday.
- Soluna Holdings, Inc. (NASDAQ:SLNH) gained 23.3% to $5.96.
- Femasys Inc. (NASDAQ:FEMY) rose 22% to $1.1650 after receiving CE Mark approval from the EU MDR for its FemaSeed, FemVue, FemCerv, and FemCath products.
- Molecular Partners AG (NASDAQ:MOLN) shares rose 21.1% to $9.63 after gaining 9% on Tuesday.
- Surf Air Mobility Inc. (NASDAQ:SRFM) jumped 20.6% to $0.3850.
- ToughBuilt Industries, Inc. (NASDAQ:TBLT) gained 20.2% to $3.75.
- MicroCloud Hologram Inc. ...