NKE - Will Top Line Contraction Hinder Jabil's Q3 Earnings? | Benzinga
Jabil Inc. (NYSE: JBL) is set to release third-quarter fiscal 2024 results on Jun 20, before the opening bell. In the last reported quarter, the company delivered an earnings surprise of 1.82%. It pulled off a trailing four-quarter earnings surprise of 4.02%, on average. The company's top line is expected to be plagued by soft demand trends in multiple end markets. However, healthy traction in AI data center hardware, software-defined electric and hybrid vehicles, healthcare and packaging are tailwinds.
Factors at Play
During the quarter, Jabil introduced a series of cutting-edge advancements in its cloud server portfolio to cater to the evolving demand for the financial service industry. The company's portfolio offerings optimized for financial service applications include several models such as J322-S, J312-S and J311-S.
The latest Smart Network Interface Cards and Precision Time Management features ensure the performance, reliability, and data integrity needed for the most demanding time-sensitive fintech applications. The strategic move will strengthen Jabil's server portfolio and is expected to have improved commercial prospects in the digital finance market.
In the fiscal third quarter, Jabil collaborated with MaxLinear to release state-of-the-art 800G ...